Which of the following items is NOT a limit to the effectiveness of internal control systems in an organization?
A) Properly designed controls
B) Collusion
C) Costs exceed benefits
D) Overriding controls
Correct Answer:
Verified
Q44: Risk assessment:
A)is an ongoing process.
B)identifies and analyzes
Q45: Fraud is always committed against an organization.
Q46: A requirement that customers receive a receipt
Q47: Utilization of an electronic theft detection system
Q48: Requiring a manager to sign off on
Q50: Which of the following items is NOT
Q51: An organization's employees are usually responsible for
Q52: Living beyond one's means is an example
Q53: A good internal control system does which
Q54: Bob was passed over for a raise;
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