Risk assessment is one component of a good system of internal control.
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Q1: Requiring employees to take vacations is a
Q2: Control activities are most effective when several
Q3: External auditors report on whether or not
Q3: It is unlikely that a company would
Q6: An internal control system cannot be considered
Q6: The person responsible for making credit sales
Q7: When one individual is responsible for all
Q9: Bonding means insuring a company against misappropriation
Q17: The responsibility for ordering receiving and paying
Q17: External auditors are usually employees of the
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