Question 2 (70%) Many entities worldwide assess and document their internal control systems on a...
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Finance
Question 2 (70%) Many entities worldwide assess and document their internal control systems on a voluntary basis, while numerous others were obligated to do so by various stakeholders (regulators, creditors, investors etc) in order to conform with various compliance standards and/ or rules and regulations. Nonetheless, economic scandals are still on the daily news, even for entities adopting internal control frameworks (either voluntarily or because it was mandatory to do SO Considering the above, is there any actual benefit from having a sound, robust and strong internal control in place or not? Please clearly present your arguments
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