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In all audits, the auditor should obtain an understanding of internal control sufficient to plan the audit by performing procedures to understand the design of
In all audits, the auditor should obtain an understanding of internal control sufficient to plan the audit by performing procedures to understand the design of controls relevant to an audit of financial statements and determining whether they have been placed in operation.
- Define Internal Control
- What are considered to be the components of internal control? Describe each component and provide examples.
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