Which of the following may represent the biggest challenge smaller public companies face in implementing effective internal control?
A) a lack of expertise
B) reduced importance
C) limited resources
D) limited available guidance

Question

Quizplus · Accepted Answer

Smaller public companies often have limited resources, including financial and personnel resources, which can make it difficult to implement effective internal controls. This may leave them vulnerable to errors, fraud, or other risks, which could impact their financial reporting and overall business success. While the other factors may also pose challenges, limited resources are often the most significant barrier for smaller organizations.

Which of the Following May Represent the Biggest Challenge Smaller