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3. Should the CAE opine on the design adequacy and/ or operating effectiveness of the system of internal controls regarding: Reliability of financial reporting? Why

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3. Should the CAE opine on the design adequacy and/ or operating effectiveness of the system of internal controls regarding: Reliability of financial reporting? Why or why not? Effectiveness and efficiency of operations? Why or why not? Compliance with applicable laws and regulations? Why or why not? 4. Many organizations implement assurance layering strategies to mitigate the risks they face to acceptable levels. One such strategy is the Three Lines of Defense model

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