Question
Can you suggest some internal controls management could implement for the following inhernet risk 1. International customer transactions are in foreign currencies and are complex
Can you suggest some internal controls management could implement for the following inhernet risk
1. International customer transactions are in foreign currencies and are complex - possible human error and/or mistsakes causing misstaements in the financial reports - what are some internal controls management could implement to prevent or detect this?
2. The price of the businesses raw materials has increased dramaticaaly throughout the financial year - causing possible misstatement in its cost of goods sold- what are some internal controls for this?
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