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Financial reporting “red flags” and key risk factors internal control and the financial reporting process high turnover of senior management, counsel, or . Identify internal control risks common to large, high-volume retail how should these risks affect the audit planning decisions for such a client generally speaking, the most possible internal control risk to large, high-volume retail stores is that about inventory. The internal control function task becomes very hard in the retailer stores not only does the decentralization cause this problem, but also the degree of employee turnover does.
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