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Professor's Question ( s ) : Internal controls are important in business. One, we want to have good numbers, amounts, and information. Internal controls are

Professor's Question(s): Internal controls are important in business. One, we want to have good numbers, amounts, and information. Internal controls are not just only for cash, but cash is one of, if not, the most important assets for a business. Cash is, also, one of the easiest assets to steal or misappropriate, commit fraud with. What is your understanding of internal controls? Where is internal control used? For what assets? Comment.

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