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As a result of recent high-profile corporate failures, the board of directors of a particular company is reviewing its Foreign Exchange (FX) policy document in

As a result of recent high-profile corporate failures, the board of directors of a particular company is reviewing its Foreign Exchange (FX) policy document in relation to Foreign exchange audit functions.

Therefore, Identify and explain important issues that the company must incorporate in its policy document in relation to the Foreign Exchange audit function.

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