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1) What are the three major reasons why Enron should have been discovered before it was actually exposed? 2) How does COSO defined internal control?

1) What are the three major reasons why Enron should have been discovered before it was actually exposed?

2) How does COSO defined internal control?

3) List and describe the three of the five components of internal control as defined by COSO What are the five phases of the audit formulation process?



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