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    Internal Control, Preliminary Analytical Procedures

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    1. Internal control is a process effected by an entity's board of directors, management, and other personnel that is designed to provide reasonable assurance regarding the achievement of objectives. (True/False)

    2. What are the two main objectives for conducting preliminary analytical procedures?

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    https://brainmass.com/business/internal-controls/internal-control-preliminary-analytical-procedures-290491

    Solution Preview

    1 - True
    2 - Analytical Procedure involves the computation of ratios and other comparisons of recorded amounts ...

    Solution Summary

    The solution confirms Internal control definition and identifies main objectives for conducting preliminary analytical procedures.

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