Question: PLEASE SHARE YOUR OPINION ABOUT: We know internal controls are essential when creating an ethical financial reporting environment. As auditors, we need to find a

 PLEASE SHARE YOUR OPINION ABOUT: We know internal controls are essential

PLEASE SHARE YOUR OPINION ABOUT: We know internal controls are essential when creating an ethical financial reporting environment. As auditors, we need to find a happy medium between efficiency and accuracy. As I think about this question, I feel that there may be times when adding more controls may complicate the process, decreasing efficiency, and possibly decreasing accuracy because of the complexity of the process. When it comes to internal controls does this remain true? Or is it always better to implement more internal controls no matter the circumstances? Are there ever any situations where the number of controls put in place would be considered enough? Do more internal controls always ensure more accurate and ethical financial reporting ASAP, and half a page at least, please. Thanks

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