Internal control policies and procedures have limitations not including:
A) Establishing responsibilities.
B) Human error.
C) Collusion.
D) Cost-benefit principle.
E) Human fraud.

Question

Quizplus · Accepted Answer

Establishing responsibilities is a part of internal control policies and procedures, not a limitation. The other options are limitations due to human factors, collusion, and cost considerations.

Internal Control Policies and Procedures Have Limitations Not Including