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BEC-01 Enterprise Risk Management, Internal Controls and Business Processes Exam Question and Ans 2025
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May 2025

2024/2025

A+
What is an effective system of internal control? - Ans-An effective system of internal control requires more than adherences to policies and procedures by management, the board of directors, and the internal auditors. It requires the use of judgment in determining the sufficiency of controls, in applying the proper controls, and in assessing the effectiveness of the system of internal controls. The principles-based approach of the framework supports the emphasis on the importance of management...
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