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XYZ Company hired you as an internal control officer to help the company in developing the internal control system which is consists of policies and

XYZ Company hired you as an internal control officer to help the company in developing the internal control system which is consists of policies and procedures to protect assets, ensure reliable accounting, promote efficient operations, and uphold company policies. As well as the system will prevent avoidable losses and help managers both plan operations and monitor company and human performance.

list any five good principles of internal control that you need to consider when developing the system.

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