Some Control Activities (CA) are more critical than others in the process and contribute to a greater extent to the reliability of the financial reporting results. Key controls activities are identified as those Control Activities in a process that are most critical to the reliability of financial reporting. Key Control Activities provide a greater degree of assurance that the areas of most significant risk with respect to financial reporting are sufficiently addressed.
KCA
Definition
Key Control Activity
KCA means Key Control Activity. Some Control Activities (CA) are more critical than others in the process and contribute to a greater extent to the reliability of the financial reporting results. Key controls activities…
✓ Verified term