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Which of the accurately describes internal control

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Reference no: EM132703130

Problem 1: Which of the following accurately describes internal control? (Several choices may be correct.)

Option 1: Process designed and implemented by those charged with governance and the management of the company.

Option 2: Process maintained and improved by external auditors.

Option 3: Objective is to provide reasonable assurance the company is achieving its objectives.

Option 4: Objective is to provide an absolute assurance the company is providing accurate financial reporting.

Option 5: External auditors are required to gain an understanding of the process.

Reference no: EM132703130

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