Question: Leadership confronts you, as a controller, and questions the need for an internal control system. Write a report in 700 words, justifying the need for

Leadership confronts you, as a controller, and questions the need for an internal control system.
Write a report in 700 words, justifying the need for the system when controls are in place with insurance and portfolio approaches.
Explain why current approaches are valid but why an internal control system will be more beneficial.

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An internal control system is integral to insurance and portfolio approaches In an insurance approach the company is purchasing insurance as a protection from the highest degree of risk This is an eff... View full answer

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