ACC544 ACC/544 Week 3 Learning Team 5 Components of Internal Control - 19431

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Read and discuss the article posted in the assignment. Create a 1 or 2 paragraph response that identifies and supports which component the team feels is the most important and why.

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The internal control system creates methods for effective operations and reliable financial reporting, assists the company in detecting fraud, safeguards the company’s assets from unauthorized use and helps the company stay in compliance with the regul