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Oceanview Marine Company Assignment #5 Discussion Questions 3. The study and evaluation of internal controls...

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Accounting

Oceanview Marine Company

Assignment #5

Discussion Questions

3. The study and evaluation of internal controls in Assignment 4 identified deficiencies in internal controls over acquisitions. Did any of these deficiencies result in misstatements in the recording of transactions? Explain why deficiencies in internal controls might not always result in significant misstatements when transactions are recorded.

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