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Question 8.1: Internal Control Elements Identify each of the following as ......

Internal Control Elements

Identify each of the following as relating to (a) the control environment, (b) risk assessment, or (c) control procedures.

1.   Mandatory vacations
2.   Personnel policies
3.   Report of outside consultants on future market changes

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1.    (c) control procedures

2.   (a) the control environment

3.   (b) risk assessment

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