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prepare a 750- to 1,050-word paper in APA format, including citations and references, summarizing your ideas about internal controls.
Include the following:

• Introduction to internal controls, describing in your own words the two main objectives of internal control

• An explanation of how the Sarbanes-Oxley Act of 2002 has affected internal controls

• Description of why a company which announces deficiencies in its internal controls will probably experience a fall in the price of its stock

• Synopsis of what you consider to be limitations of internal controls – quote detailed exs.

• A conclusion which summarizes your key points

• Comparison of the internal control principles of

(1) Establishing responsibility,

(2) Using physical, mechanical, and electronic controls,

(3) Segregation of duties, and

(4) Independent internal verification.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91608

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