Question: S1: Internal control is designed and implemented to address all business risks that threaten the achievement of the objectives of internal control. S2: One of

S1: Internal control is designed and implemented to address all business risks that threaten the achievement of the objectives of internal control. S2: One of the inherent limitations of internal control is the lack of segregation of duties.

a.Both statements are true.

b.Both statements are false.

c.Only statement 1 is true.

d.Only statement 2 is true.

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