Question: Identify each of the following as an internal control objective (O), an internal control activity (A), or a limitation of internal control (L). _____ 1.

Identify each of the following as an internal control objective (O), an internal control activity (A), or a limitation of internal control (L).
_____ 1. Separation of duties
_____ 2. Collusion
_____ 3. Proper authorization
_____ 4. Report financial information properly
_____ 5. Mandatory vacations
_____ 6. Management override
_____ 7. Complies with laws and regulations
_____ 8. Adequate documents and records
_____ 9. Poorly designed controls
_____ 10. Operates efficiently and effectively

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