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Whatdoes "internal control" mean in an audit context?
What
does "internal control" mean in an audit context?
A setof guidelines issued by regulatory authorities.
A set
of guidelines issued by regulatory authorities.
Aprocess designed to prevent financial fraud entirely.
A
process designed to prevent financial fraud entirely.
Aprocess designed to provide reasonable assurance regarding the achievement ofobjectives.
process designed to provide reasonable assurance regarding the achievement of
objectives.
Amechanism implemented by auditors to ensure compliance.
mechanism implemented by auditors to ensure compliance.
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