Internal control policies and procedures have limitations not including:
A)Human error.
B)Human fraud.
C)Cost-benefit principle.
D)Collusion.
E)Establishing responsibilities.

Question

Quizplus · Accepted Answer

Establishing responsibilities is a part of internal control policies and procedures, not a limitation. Limitations include human error, fraud, cost-benefit considerations, and collusion.

Internal Control Policies and Procedures Have Limitations Not Including