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QUESTION 2 Sales procedures failing to meet the control objectives of organizations result in financial loss and damage to reputation of an organization. a) Explain

QUESTION 2

Sales procedures failing to meet the control objectives of organizations result in financial loss and damage to reputation of an organization.

a) Explain five control risks associated with sales practices in organizations. (5 marks)

b) Demonstrate five internal control procedures that can be applied to control sales transactional risks from occurring or reduced to a minimum in organizations.

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