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Home Q & A Board Other Fields Homework Help Business Accounting
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courtneyjuma courtneyjuma
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2 months ago

Which of the following statement is correct regarding internal control?



▸

A well-designed internal control environment ensures the achievement of an entity's control objectives.



▸

An inherent limitation to internal control is the fact that controls can be circumvented by management override.



▸

A well-designed and operated internal control environment should detect collusion perpetrated by two people.



▸

Internal control in a necessary business function and should be designed and operated to detect errors and fraud.

Textbook 
Accounting Information Systems

Accounting Information Systems


Edition: 4th
Authors:
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gronk44gronk44
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2 months ago
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courtneyjuma Author
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2 months ago
Brilliant ツ
jmendoza
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Yesterday
You make an excellent tutor!
Katey_maree
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2 hours ago
Smart ... Thanks!
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