The concept of ____ recognizes that managers must use their judgment to ensure that the cost of control does not exceed the system's benefits or the risks involved.
A) reasonable assurance
B) reasonable acts
C) common acts
D) common assurance

Question

Quizplus · Accepted Answer

The concept of "reasonable assurance" recognizes that managers must use their judgment to strike a balance between the cost of control measures and the potential benefits or risks involved. This means that control measures should be reasonable and appropriate for the situation, rather than overly burdensome or costly. It is a key principle in the field of risk management and internal control. The other answer choices do not accurately describe this concept.

The Concept of ____ Recognizes That Managers Must Use Their