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Topic 1: Internal Controls
Briefly discuss the interrelated components that should exist within an internal control system for a retail business that is familiar to you. In your opinion, which component is the most important and why?
Topic 2: Organizational Risks
This Discussion will assess your understanding of organizational risks and ways to mitigate those risks. Briefly discuss at least three risk factors that may be prevalent in a manufacturing entity’s inventory management, and recommend an internal control procedure to address each of the risks.
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