Internal control provides reasonable assurance means that ? internal control has its inherent limitations internal control is integrated in the various transaction cycles internal control involves every people in the organization evaluation of internal control is only a secondary objective of FS audit

Internal control provides reasonable assurance means that ? internal control has its inherent limitations internal control is integrated in the various transaction cycles internal control involves every people in the organization evaluation of internal control is only a secondary objective of FS audit

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor

Section: Chapter Questions

Problem 8CYBK

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