Which of the following is a limitation of internal control?
A)Operational efficiency
B)Employee collusion
C)Accurate and reliable accounting records
D)Safeguarding company assets

Question

Quizplus · Accepted Answer

Employee collusion refers to employees working together to commit fraud or other unethical activities, which can bypass or undermine internal controls. While internal controls can help prevent employee collusion, they cannot completely eliminate the risk. The other choices listed are examples of the benefits of having effective internal controls.

Which of the Following Is a Limitation of Internal Control