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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?

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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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