Question: QUESTION 5 (3 marks) Internal controls are an important part of protecting assets, ensuring reliable accounting, promoting efficient operations and encouraging adherence to company policies.

QUESTION 5 (3 marks) Internal controls are an important part of

QUESTION 5 (3 marks) Internal controls are an important part of protecting assets, ensuring reliable accounting, promoting efficient operations and encouraging adherence to company policies. List and briefly explain three (3) principles of internal controls. No marks will be awarded unless explanations are provided

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