Internal controls in large and medium-sized entities can only provide an entity with reasonable assurance in achieving
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Question:
Internal controls in large and medium-sized entities can only provide an entity with reasonable assurance in achieving its financial reporting objectives. Which of the following is not an inherent limitation of internal control?
Question 1 options:
human error that results in a breakdown in internal control
collusion by two or more individuals to circumvent a control
control within a software program being overridden or disabled
changing audit risk parameters
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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