Multiple Choice
Which of the following is not an inherent limitation of internal controls?
A) inappropriate assessment of the effectiveness of internal controls
B) collusion by employees
C) management overriding a control
D) misunderstanding of instructions
Correct Answer:
Verified
Correct Answer:
Verified
Q13: The most important type of protective measure
Q14: Three steps must be completed by the
Q15: The auditor's primary objective to obtain an
Q16: Internal control comprises the plan of the
Q17: If employees are competent and trustworthy, how
Q19: When a compensating control exists, a deficiency
Q20: Which one of the following is NOT
Q21: Understanding components of internal control and assessing
Q22: A system of internal accounting control normally
Q23: Reportable conditions are matters that come to