Multiple Choice
Which of the following is an inherent limitation of internal controls?
A) Lack of auditor independence.
B) Collusion.
C) Separation of duties.
D) Employee peer review.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q5: A significant deficiency should be reported to
Q6: The information and communication component of internal
Q7: Management Evaluation of Internal Controls What are
Q8: Several significant deficiencies in internal controls may
Q9: The organization's risk assessment process is an
Q11: Requiring two signatures on any check in
Q12: One of the advantages of a computerized
Q13: Which of the following is considered to
Q14: Which of the following is another name
Q15: A transaction trail includes the documents and