Which of the following may represent the biggest challenge smaller public companies and nonpublic companies face in implementing effective internal control?
A) a lack of competent, trustworthy personnel
B) no clear lines of authority
C) no adequate separation of duties
D) a lack of adequate documents and records

Question

Quizplus · Accepted Answer

Smaller companies often struggle with separating duties due to limited staff, which can compromise the effectiveness of internal controls.

Which of the Following May Represent the Biggest Challenge Smaller