An inherent limitation of internal control is that it ________.
A)is only as good as those that designed it
B)often fails to provide complete assurance of misstatements
C)can only provide an entity with reasonable assurance in achieving its financial reporting objectives
D)may be costly to implement, and seldom yields any tangible benefits

Question

Quizplus · Accepted Answer

The Answer of An inherent limitation of internal control is that it ________.
A)is only as good as those that designed it
B)often fails to provide complete assurance of misstatements
C)can only provide an entity with reasonable assurance in achieving its financial reporting objectives
D)may be costly to implement, and seldom yields any tangible benefits

An Inherent Limitation of Internal Control Is That It ________