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Even with the best possible internal control system in place, its effectiveness still depends on what?

a. Creating an expectation of punishment.

b. Identifying the nature of the risks involved and the losses that could result from these risks.

c. The competency and dependability of the people enforcing it.

d. All of the above.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9439599

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