Question: A) What are internal controls and why are they so important? B) How can an auditor tell if there are not enough internal controls, too

A) What are internal controls and why are they so important?

B) How can an auditor tell if there are not enough internal controls, too many internal controls, or the right amount of internal controls.

C) You are an auditor and a client who is starting a new business comes to you for advice on the kinds of internal controls that should be established. Select a business area and provide a clear overview of necessary kinds of internal controls that are necessary.

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