What is meant by the control environment

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1. What is meant by the control environment? What are the factors the auditor must evaluate to understand it?

2. What is the relationship among the five components of internal control?

3. The separation of operational responsibility from record keeping is meant to prevent different types of misstatements than the separation of the custody of assets from accounting. Explain the difference in the purposes of these two types of separation of duties.

Reference no: EM132969832

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