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System of internal control

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Reference no: EM13341162

It has come to the CEO's attention that Sally, a company salesperson, grants the rights to wholesalers to return unsold product. He asks you to discuss the following at the next board of directors meeting:

  • In the system of internal control, are Sally's actions a significant deficiency or a material weakness?
  • Explain your reasoning and rationale.

Reference no: EM13341162

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