Internal control is defined as the process of monitoring and controlling the management and affairs of the company by following rules and procedures of the company. Internal control must be given emphasis as it will help the company to plan its growth and development, which will help company in long run. To determine: The critical stage in development of internal control where organization need to focus.

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Chapter 6, Problem 2DQ

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Introduction: Internal control is defined as the process of monitoring and controlling the management and affairs of the company by following rules and procedures of the company. Internal control must be given emphasis as it will help the company to plan its growth and development, which will help company in long run.

To determine: The critical stage in development of internal control where organization need to focus.

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