Question: Subject: FNSACC506 - IMPLEMENT AND MAINTAIN INTERNAL CONTROL PROCEDURES 1. The preparation, effort and care that goes into a report should reflect its usage. Comment

Subject: FNSACC506 - IMPLEMENT AND MAINTAIN INTERNAL CONTROL PROCEDURES

1. The preparation, effort and care that goes into a report should reflect its usage. Comment on this statement. Discuss in 80 to 100 words.

2. Explain what internal controls mean in terms of reporting. Discuss in 50 to 80 words.

3. Is consultation always necessary before the timetables for the implementation of corporate governance requirements are developed? Discuss in 80 to 100 words.

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