What Are Some Challenges in Establishing an Internal Control System

question 104

Essay

What are some challenges in establishing an internal control system in a small business?

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Definitions:

Copyrights

Legal protections granted to creators over their original works, preventing unauthorized use for a certain period of time.

Condemnation

The legal process by which a transfer of property is made against the protest of the property owner.

Federal Constitution

The foundational legal document that outlines the structure, functions, and powers of a federal government and its relationship with the states.

Fair-Use Doctrine

The lawful use of a limited portion of another’s work for purposes of criticism, comment, news reporting, teaching, scholarship, and research that does not reduce the commercial value of the protected property.