Internal control is the process which is undertaken by the organization to ensure the effectiveness of the financial transactions that are recorded. To define: Thedocument that an auditor maintains for the design of controls. Also, the importance of documentation.

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Chapter 5, Problem 17RQSC

To determine

Introduction:Internal control is the process which is undertaken by the organization to ensure the effectiveness of the financial transactions that are recorded.

To define: Thedocument that an auditor maintains for the design of controls. Also, the importance of documentation.

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