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3) How should internal controls be implemented for the purchase of inventories, expenses, and cash disbursements? Relate your answers to the case above. (10 Marks)

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3) How should internal controls be implemented for the purchase of inventories, expenses, and cash disbursements? Relate your answers to the case above. (10 Marks) 4) How does internal control related to an audit of financial statements? (3 Marks) (Total: 25 Marks)

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