Elements of an effective internal control system


Problem: Identify and describe ONE internal control in a company (home Depot). How does the control relate to the ONE of the five elements of an effective internal control system (the control environment, risk assessment, control activities, information, and communication and monitoring)? What internal control documentation is used, if any? What risks of material financial statement misstatement are mitigated by the control? Be very specific in your explanation to these questions. Cite references if used.

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Accounting Basics: Elements of an effective internal control system
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