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Application controls are an important part of Accounting Information Systems. Required: a) What are application controls? What arethe three components of application controls? (4 marks)

Application controls are an important part of Accounting Information Systems.

Required:

a) What are application controls? What arethe three components of application controls? (4 marks)

b) As applies to the internal control process, what is the purpose of a cost benefit analysis (1 mark)

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