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The management of Sewell Company asks you, as the company accountant, to explain (a) The concept of reasonable assurance in internal control and (b) The importance of the human factor in internal...

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The management of Sewell Company asks you, as the company accountant, to explain
(a) The concept of reasonable assurance in internal control and
(b) The importance of the human factor in internal control.

Answered Same Day Dec 22, 2021

Solution

David answered on Dec 22 2021
114 Votes
1. The management of Sewell Company asks you, as the company
Description
The management of Sewell Company asks you, as the company
accountant, to explain
(a) the concept of reasonable assurance in internal control and
Reasonable assurance concept means obtaining an assurance on the fact
that cost of obtaining benefit from internal control has not exceeded the
enefit
It also implies obtaining an...
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