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Match the following examples to the correct component of internal control. 1: Control environment 2: Risk assessment 3: Control activites 4: Monitoring 5: Information and communication
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Step-by-Step Analysis
When aligning each statement with the internal control components, it's helpful to recall what each component encompasses and then match the evidence.
1) 'The business implements a code of conduct for ethical behaviour.' This clearly relates to the control environment, which sets the tone at the top and establishes t......Login to view full explanationLog in for full answers
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