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Which of the following are suitable criteria for providing assurance on a report of the effectiveness of internal controls?
Personal Assets
Items of value owned by an individual, including but not limited to cash, real estate, and personal belongings.
Current Balances
The total amount present in an account at any given point in time, reflecting all transactions up to that moment.
Capital Account Deficit
A situation where a country's outflow of capital exceeds the inflow, indicating negative net foreign investment.
Income-Sharing Plan
A compensation scheme where employees receive a share of the profits of the company in addition to their regular salary.
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