Describe the relationship that controls and audits

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Reference no: EM13744049

The management team has asked for an explanation about Auditing and Controls. 

Take this opportunity to describe the relationship that Controls and Audits have. 
Describe what policies, processes, standards, procedures and guideline are and how they each are involved with compliance.
Why do you think they are important?
How can you apply these to your project? 

Reference no: EM13744049

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