Explain briefly the meaning of each of the following terms: (i) Internal control system. (ii) Control environment.

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Explain briefly the meaning of each of the following terms:

(i) Internal control system.

(ii) Control environment.

(iii) Risk assessment process.

(iv) Control activities.

(v) Monitoring of controls.

(vi) General IT controls.

(vii) Application controls.

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Principles Of External Auditing

ISBN: 9780470974452

4th Edition

Authors: Brenda Porter, Jon Simon, David Hatherly

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