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Describe the nature of internal control

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Reference no: EM133522295

Questions:

  • Describe the nature of internal control. Also, describe its purpose and the principles involved.
  • Describe how the days' sales uncollected ratio is computed. Explain how can be used to assess liquidity.
  • How internal control is applied to cash receipts and payments?
  • Explain the Sarbanes-Oxley Act of 2002.

Reference no: EM133522295

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