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Internal control systems include policies and procedures

designed to provide #2334


Internal control systems include policies and procedures designed to provide

Internal control systems include policies and procedures designed to provide reasonable
assurance that the corporation’s objectives are being met in three areas:
a. Effectiveness and efficiency of operations
b. Reliability of financial reporting
c. Compliance with applicable laws and regulations
Like any other business, a grocery store uses internal control activities to meet their objectives
in these three areas.

Required:
Attempt to name a control for each area and describe how the control helps accomplish the
store’s objectives in these areas.

Internal control systems include policies and procedures designed to provide

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