Determine the key points in the turnbull report, Financial Management

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Key points in the Turnbull Report:

Have a defined process for review of effectiveness of internal control.
Review regular reports on internal control.
Consider key risks and how they have been managed.
Check adequacy of action taken to remedy weaknesses and incidents.
Consider adequacy of monitoring.
Conduct an annual assessment of risks and effectiveness of internal control.
Make a statement on this processin annual report.

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