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3. The PCAOB's Auditing Standards No. 5 indicates that entity-level controls include both 1) controls to monitor other controls and 2) controls to monitor results
3. The PCAOB's Auditing Standards No. 5 indicates that entity-level controls include both 1) controls to monitor other controls and 2) controls to monitor results of operations. Provide an example of each type of monitoring control that would be useful in mitigating the business risk expressed above.
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