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Larry and Hank are employees of one of the leading accounting firms, CPAs. The two have recently obtained their licenses as certified public accountants, CPA,
Larry and Hank are employees of one of the leading accounting firms, CPAs. The two have recently obtained their licenses as certified public accountants, CPA, however they are considering starting their own accounting practice. Using Brown's risk taxonomy, identify and describe at least five risks that Larry and Hank must take into account if they plan to open their own business. For each risk you identify, suggest one or more internal controls that may lessen it.
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