Solved: What are compensating controls and how do they relate to, Financial Accounting

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What are compensating controls and how do they relate to

1. What are compensating controls and how do they relate to segregation of duties and internal control? Give some examples.

2. If a company has a audit performed on their financial statements, Does this guarantee that there is no fraud contained in the financial statements?

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Financial Accounting: What are compensating controls and how do they relate to

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Financial Accounting: What are compensating controls and how do they relate to

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