question archive Management's identification and analysis of risk is an ongoing process and is a critical component of effective internal control

Management's identification and analysis of risk is an ongoing process and is a critical component of effective internal control

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Management's identification and analysis of risk is an ongoing process and is a critical component of effective internal control. An important first step is for management to identify factors that may increase risk. Identify factors, observable by management, which may lead to increased risk in a typical business organization. And provide examples for each

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