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QUESTION 1 (20 Marks) Internal control being one of the major determinants of an organization's success requires the attention of every individual in an organization.

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QUESTION 1 (20 Marks) Internal control being one of the major determinants of an organization's success requires the attention of every individual in an organization. A good internal control system will provide organizations with a high degree of confidence that their operations are efficiently managed. There are advantages and disadvantages/limitations to be gained from effectively designed and implemented internal control. You are required to discuss FIVE (5) advantages and FIVE (5) disadvantages/limitations of internal controls

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