Which of the following is NOT true of a sound system of internal control?
A) Implementation of controls involves costs.
B) A sound system of internal control is the responsibility of management.
C) Through it, errors and irregularities will be eliminated.
D) It prevents collusion between employees.

Question

Quizplus · Accepted Answer

While a sound system of internal control can help minimize errors and irregularities, it cannot completely eliminate them. Human error and intentional fraud may still occur despite the implementation of controls.

Which of the Following Is NOT True of a Sound