Which of the following is not a limitation of internal control?
A) cost of establishing control procedures
B) the human element
C) use of a bank account
D) the size of the company
Correct Answer:
Verified
Q35: Which of the following statements is true
Q36: All of the following are examples of
Q37: All of the following are examples of
Q38: Internal controls are concerned with all of
Q39: An NSF cheque that was received is
Q41: Cash does not include
A)currency.
B)money orders.
C)post dated cheques.
D)coins.
Q42: Which of the following is not a
Q43: The use of electronic funds transfers
A)normally results
Q44: Maximum benefit from review and reconciliation is
Q45: External auditors
A)evaluate the system of internal controls
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