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8. What are control activities? 9. Give the different types of control activities. 10. Why is it necessary to monitor controls? 11. What are the

8. What are control activities?

9. Give the different types of control activities.

10. Why is it necessary to monitor controls?

11. What are the inherent limitations of internal controls?

12. Enumerate, in chronological order, the steps followed in the study and evaluation of internal controls. Explain each step briefly.

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