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4 (12 Marks) CapeTown Essentials has recently implemented a new financial software system, and while they have taken steps to establish certain internal controls, they
4 (12 Marks) CapeTown Essentials has recently implemented a new financial software system, and while they have taken steps to establish certain internal controls, they are aware that no system is foolproof. Based on your understanding of the limitations of internal controls, explain why, despite the company's best efforts, they might still face challenges in achieving their objectives. Specifically, discuss the potential limitations that could hinder the effectiveness of their internal control system
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