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There are six main categories of Internal Control. Choose two of the six and explain how a company might use them. 1. Establishment of responsibility.
There are six main categories of Internal Control. Choose two of the six and explain how a company might use them.
1. Establishment of responsibility.
2. Segregation of duties.
3. Documentation procedures.
4. Physical, mechanical, and electronic controls.
5. Independent internal verification.
6. Other controls: Bonding, Rotating Duties
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