Which of the following best describes the role of internal control frameworks?

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Bas Vogel · Accepted Answer

They provide guidance related to internal control design and implementation to assist with the evaluation and benchmarking of business practices.

Bas Vogel · Answer

They outline specific internal controls for an organization to implement to ensure business objectives will be achieved.

Bas Vogel · Answer

They serve as a list of appropriate internal controls for auditors to ensure an organization is using best practices.

Bas Vogel · Answer

They serve as a template for identifying standardized best practices in effective risk management across industries and countries.

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