Clarify reasoning for organization to use internal controls


Problem: Specifically, you must address the following: 1. Clarify the reasoning for an organization to use internal controls. 2. Analyze the implementation of IT controls to the sales process being audited. 3. Interpret the impact of the business process on internal controls being audited as it relates to the specific organization. 4. Summarize how an accounting information system can have an impact on potential fraud risk to an organization. Include the following in your response: A. Methods to prevent fraud B. Unintentional errors in the system 5. Determine the benefit of applying the COSO framework to the internal control f the spec

 

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Accounting Basics: Clarify reasoning for organization to use internal controls
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