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Management needs to understand its risks to reliable financial reporting before determining which internal controls would be most helpful to achieving its goal of reliable financial reporting. (True/ F)

Respuesta :

husnainaliuog

Answer:

True

Explanation:

True.

Management needs to identify the risks to its organization of not achieving reliable financial reporting. Once these risks are identified, management implements controls to provide reasonable assurance that material misstatements do not occur in the financial statements.

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