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In addition to the preparation of financial statements, it is also the responsibility of those charged with governance to: a. identify the financial reporting framework
In addition to the preparation of financial statements, it is also the responsibility of
those charged with governance to:
a.
identify the financial reporting framework to be used in the preparation and
presentation of their financial statements.
b.
establish and maintain internal controls that are effective in preventing and
detecting material misstatements
c.
selecting and applying appropriate accounting policies and making
reasonable accounting estimates
d.
all of the above.
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