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    Internal Control Systems

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    1. Summarize the primary purposes of an internal control system.
    2. What are the three internal control objectives for financial reporting?

    © BrainMass Inc. brainmass.com March 4, 2021, 8:26 pm ad1c9bdddf
    https://brainmass.com/business/quality-management/internal-control-systems-168124

    Solution Preview

    One purpose of an internal control system is providing reasonable assurance that an entity complies with "applicable laws and ...

    Solution Summary

    This solution lists the purposes of an internal control system and also explains the three internal control objectives of financial reporting.

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