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  2. Topic
    Business
  3. Study Set
    Auditing A Risk Based Approach
  4. Exam
    Exam 3: Internal Control Over Financial Reporting: Responsibilities of Management and the External Auditors
  5. Question
    Internal Control Is a Process Designed to Guarantee the Achievement
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Internal Control Is a Process Designed to Guarantee the Achievement

Question 50

Question 50

True/False

Internal control is a process designed to guarantee the achievement of the objectives of reliable financial reporting, compliance with laws and regulations and ineffective and inefficient operations.

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