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Define an internal control system and describe its purpose.

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Define an internal control system and describe its purpose.

Are internal control policies and procedures identical across companies? If not, how can they be different?

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Solution Summary

This solution defines an internal control system and describes its purpose.

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Internal control systems are a structured, strategically planned effort from the organization to safeguard the company's internal control environment. When the company has an effective internal control environment, it indicates that personnel follow proper ...

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