Which of the following most likely would not be considered an inherent limitation of the potential effectiveness of an entity's internal controls?
A) Incompatible duties.
B) Management override.
C) Mistakes in judgment.
D) Collusion among employees.
Correct Answer:
Verified
Q49: An auditor is least likely to test
Q50: The control environment component of internal control
Q51: A substantive strategy differs from a reliance
Q52: In the audit of financial statements, an
Q53: Which of the following procedures most likely
Q55: The risk assessment component of internal control
Q56: Information and communication includes all of the
Q57: Assessing control risk at a lower level
Q58: For a complex IT system, auditors are
Q59: Effective internal control in a small company
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents