a)

b)

When considering the limitations of internal control systems in a company, there is a strong assurance that the company's objectives of internal control are met. there is only reasonable assurance that the objectives of internal control are met due to the human element and cost-benefit considerations. that fraud, especially due to collusion between two or more people will be detected. that it is best for the CEO and CFO of the company sign reports excluding themselves from any possible weaknesses in internal control and that they are not responsible for such weaknesses. None of the above. Important internal control procedures include: competent personnel, rotating duties and mandatory vacations. separating responsibilities for related operations. separating operations, custody of assets and accounting. O proofs and security measures. All of the above. None of the above