Question: The control environment for any organisational structure and /or department provides an atmosphere in which people conduct their activities and carry out their control responsibilities

The control environment for any organisational structure and /or department provides an atmosphere in which people conduct their activities and carry out their control responsibilities in the organisation; and this plays a vital function in conducting audit engagements and in identifying possible contributing risk-factors that may hinder a company’s systemic cycle.
Required:
State and explain the inventory controls activities within any possible inventory cycle for any possible business venture/company.

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