"Internal Controls are very Important for any Organization becausethey will detect the potential frauds and also prevent misleadingFinancial Statements".By referring to this statement, Explain any 4 major principles of a goodInternal Control System and also Differentiate between Internal Controland Internal Audit by highlighting 4 major classifications.

internal control is most important, internal control primary purpose is to help the organisation…

Internal Controls are very Important for any Organization because hey will detect the potential frauds and also prevent misleading inancial Statements". y referring to this statement, Explain any 4 major principles of a good nternal Control System and also Differentiate between Internal Control nd Internal Audit by highlighting 4 major classifications.

Internal Controls are very Important for any Organization because hey will detect the potential frauds and also prevent misleading inancial Statements". y referring to this statement, Explain any 4 major principles of a good nternal Control System and also Differentiate between Internal Control nd Internal Audit by highlighting 4 major classifications.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor

Section: Chapter Questions

Problem 28CYBK

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