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.

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.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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