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Using the fictitious

Using the fictitious entity created in the assignments for the first two weeks, you will continue to work with that agency for this week. Your fictitious agency has decided to start an internal audit function and hire an auditor. As the budget director of the agency, you need to determine the standards that will guide the auditor’s actions. Become familiar with the possible standards and their sources and legal requirements for auditing. Write a 4- to 5-page paper describing the necessary internal financial and management controls you would like to include for your fictitious entity.

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