H Ltd is a logistics company which is likely to be seeking a Stock Exchange listing shortly. The directors wish to strengthen the company's internal controls.
Which of the following statements are valid?
A.
The Board should take direct responsibility itself for all organisational control and avoid delegating.
B.
The Board should ensure that the internal accounting system provides accurate and relevant information.
C.
The Board should ensure that there is regular assessment of the financial impact of contingencies.
D.
The Board should communicate organisational policies only to members of staff who are part of the management team.
E.
Internal Audit should be used to check on the detailed operation of controls in the operating departments.
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