Analysis and Recommendations for Strengthening Internal Control Systems: A Case Study on XYZ and PRG Companies

A case study analyzing and providing recommendations for strengthening internal control systems in XYZ and PRG companies.

Leo Campbell

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Last Name1Analysis and Recommendations for Strengthening Internal Control Systems:A Case Study on XYZ and PRG CompaniesIdentify and analyze the key deficiencies in the internal control systems at XYZ Company asnoted in the audit report. Based on thesedeficiencies, recommend modifications to improve thecompany's internal control processes. In your response, also discuss the audit procedures andassertions related to inventory, long-term debt, and accounts receivable. Provide relevantexamples and explain how the audit findings relate to improving overall financial reporting andpreventing fraud. Support your answer with at least three references to academic sources. (Wordcount: 1,500–2,000 words)

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