For each of the following examples of internal control limitations, provide specific examples of how the limitation
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For each of the following examples of internal control limitations, provide specific examples of how the limitation impedes one of the four management control types ability to effectively mitigate strategic risk:
a. Failure by employees to internalize the organization's mission and objectives
b. Inaccurate or out-of-date assumptions
c. Undue focus on current conditions
d. Rigid organizational structure
e. Failure to enforce accountability
f. Communication breakdowns g. Top management failure to achieve objective strategic objectives
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Related Book For
Auditing Assurance And Risk
ISBN: 9780324313185
3rd Edition
Authors: W. Robert Knechel, Steve Salterio, Brian Ballou
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