Reasonable assurance, as it pertains to internal control, means that: a. The objectives of internal control vary
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Reasonable assurance, as it pertains to internal control, means that:
a. The objectives of internal control vary depending on the method of data processing used.
b. A well-designed system of internal controls will prevent or detect all errors and fraud.
c. Inherent limitations of internal control preclude a system of internal control from providing absolute assurance that objectives will be achieved.
d. Management cannot override controls, and employees cannot circumvent controls through collusion.
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Related Book For
Internal Auditing Assurance & Advisory Services
ISBN: 9780894139871
4th Edition
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel
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