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I6- A company's management and its independent auditor both have responsibilities related to the company's system of internal control. In the context of the audit

I6-

A company's management and its independent auditor both have responsibilities related

to the

company's system of internal control. In the context of the audit of a private

company, discuss

(1) management's responsibilities related to internal controls and (2)

  1. the auditor's responsibilities related to internal controls.

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