QUESTION 2 2.1 Briefly explain the five (5) main components of internal controls. 2.2. List and explain the benefits to an organisation of having sound internal controls in place. 2.3 Briefly discuss the limitations or drawbacks of internal auditing.

Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 5.1SD: Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling...
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QUESTION 2
2.1 Briefly explain the five (5) main components of internal controls.
2.2. List and explain the benefits to an organisation of having sound internal controls in place.
2.3 Briefly discuss the limitations or drawbacks of internal auditing.
Transcribed Image Text:QUESTION 2 2.1 Briefly explain the five (5) main components of internal controls. 2.2. List and explain the benefits to an organisation of having sound internal controls in place. 2.3 Briefly discuss the limitations or drawbacks of internal auditing.
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