Question: A. Define internal control. B. Describe and explain the details of a common control, namely, Separating Responsibilities for Related Operations: C. Who (more than one)

A. Define internal control.

B. Describe and explain the details of a common control, namely, Separating Responsibilities for Related Operations:

C. Who (more than one) in the company is responsible for the internal controls?

D. Are internal controls only necessary for public companies?

E. How are investors informed about the internal controls in a public company? Give an example.

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