An internal control system is designed to provide a reasonable assurance that all the control objectives are
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Question:
An internal control system is designed to provide a reasonable assurance that all the control objectives are being achieved.Required;
a. What purpose does an internal control system serve in an organization?
b. Identify and briefly explain the three key elements of a good internal control system.
c. Identify and briefly explain any four inherent limitations of an internal control system.
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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