What is meant by the professional designations


1. How does accounting information assist management in measuring efficiency and effectiveness?

2. Why is it important for accounting information to have the quality of integrity?

3. What is meant by generally accepted accounting principles, and how do these principles add to the integrity of financial accounting information?

4. What is the definition of internal control, and what are the five components of COSO's internal control framework?

5. What is an audit, and how does it add to the integrity of accounting information?

6. What is meant by the professional designations CPA, CMA, and CIA, and how do these designations add to the integrity of accounting information?

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Accounting Basics: What is meant by the professional designations
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