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Chapter 3
Evaluation of an internal control system
6.1 Costs
Time of management involved in the design of the system.
Implementation:
– costs of IT consultants to implement new software
– training all staff in new procedures.
Maintenance of system:
– software upgrades
– monitoring and review.
6.2 Benefits
The reduction of identified risks.
Achievement of business objectives.
Illustrations and further practice
Now try TYU 10 to 18 from Chapter 3
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