Question: Can you suggest some internal controls management could implement for the following inhernet risk for a business that purchases raw materials and processed food and

Can you suggest some internal controls management could implement for the following inhernet risk for a business that purchases raw materials and processed food and sells to international and domestic customers

1. International customer transactions are in foreign currencies - possible human error and/or mistsakes causing misstaements in the financial reports - what are some internal controls management could implement to prevent or detect this?

2. The price of the businesses raw materials has increased dramaticaaly throughout the financial year - causing possible misstatement in its cost of goods sold- what are some internal controls for this?

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