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In the context of internal controls, which three of the following are true of a smaller entity? ( Select all that apply. ) It has

In the context of internal controls, which three of the following are true of a smaller entity? (Select all that apply.) It has limitations surrounding its ability to put effective internal controls in place. The risk of management override can be reduced by establishing documented policies and procedures.O It is easier for smaller entities to have a paper trail of documentation supporting an assessment of internal controls. The small number of its employees limits its ability to segregate duties.

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