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Can you give a brief explanation of the components of these two? 1. Internal Control Affecting Assets - GPS/RFID monitoring, maintenance of key logs, maintenance
Can you give a brief explanation of the components of these two?
1. Internal Control Affecting Assets - GPS/RFID monitoring, maintenance of key logs, maintenance of custody register, physical verification by management, maintenance of asset register, security system etc.,
2. Internal Control Affecting Liabilities & Equity - Maintenance of records, Proper delegation of duties, authorization of transactions by proper authority, maintenance of payments schedule for loans etc.,
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