What does the term internal control mean? What are the five components of an effective internal...

What does the term internal control mean?

What are the five components of an effective internal control framework?

Briefly describe the responsibilities each of the following groups of people has regarding internal control: management, the board of directors, internal auditors, others in the organization.

Expert Solution

ekkarill92 answered 2 years ago

Question: What are the five components of internal control? Briefly explain each component.

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