Question: Internal control cannot be designed to provide reasonable assurance thatAccess to assets is permitted only in accordance with management's authorization.OTransactions are executed in accordance with

Internal control cannot be designed to provide reasonable assurance thatAccess to assets is permitted only in accordance with management's authorization.OTransactions are executed in accordance with management's authorization.Fraud will be eliminated.The recorded accountability for assets is compared with the existing assets at reasonal intervals.

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