Question 4 (2 points) Reasonable assurance, as it pertains to internal control, means that: Management...
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Question 4 (2 points) Reasonable assurance, as it pertains to internal control, means that: Management cannot override controls, and employees cannot circumvent controls through collusion. The objectives of internal control vary depending on the method of data processing used. Inherent limitations of internal control preclude a system of internal control from providing absolute assurance that objectives will be achieved. A well-designed system of internal controls will prevent or detect all errors and fraud. Previous Page Next Page Page 4 of 25
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