Internal controls may be limited by each of the following except A)the size of the business. B)the human element. C)internal audits. D)collusion.

Name: Internal controls may be limited by each of the following except A)the size of the business. B)the human element. C)internal audits. D)collusion.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Internal audits are a part of internal controls, not a limitation. They are designed to evaluate and improve the effectiveness of risk management, control, and governance processes.

Internal Controls May Be Limited by Each of the Following