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Case 4.3 The Baptist Foundation of Arizona: The Whistleblower Hotline 1.Consult Paragraphs 23-25 of PCAOP Auditing Standard No. 12. Define what is meant by control

Case 4.3

The Baptist Foundation of Arizona: The Whistleblower Hotline

1.Consult Paragraphs 23-25 of PCAOP Auditing Standard No. 12. Define what is meant by control environment. Based on the information provided in the case, explain why the control environment is so important to effective internal control over financial reporting at an audit client like the Baptist Foundation of Arizona (BFA).

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