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    Financial Accounting Study Set 31
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    Exam 7: Fraud, Internal Control and Cash
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    A System of Internal Control
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A System of Internal Control

Question 153

Question 153

Multiple Choice

A system of internal control


A) is infallible.
B) can be rendered ineffective by employee collusion.
C) invariably will have costs exceeding benefits.
D) is premised on the concept of absolute assurance.

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