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Understanding Internal Controls

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Understanding . Internal Controls . A Reference Guide for Managing University Business Practices Understanding Internal Controls Table of Contents INTRODUCTION ........................................ ........................................ ........................................ ........................................ .1. OBJECTIVES ........................................ ........................................ ........................................ ........................................ ......1. SCOPE ........................................ ........................................ ........................................ ........................................ ...............2. BALANCING RISK AND control .

Understanding Internal Controls 1 Introduction The University of California is entrusted with great resources and commensurately great responsibilities for the creation, dissemination, and preservation of knowledge.

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