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Accounting

Write a 750- to 1,050-word paper in APA format, including citations and references, summarizing your ideas about internal controls.

Include the following:

An introduction to internal controls, explaining in your own words the two primary goals of internal control
A description of how the Sarbanes-Oxley Act of 2002 has affected internal controls
An explanation of why a company that announces deficiencies in its internal controls would probably experience a fall in the price of its stock
A synopsis of what you consider to be the limitations of internal controls - Cite specific examples.
A conclusion that summarizes your main points
A 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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91723620

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