nternal control can only provide reasonable, not absolute, assurance of achieving entity control objectives. One of the factors limiting the likelihood of achieving those objectives is that A. The auditor's primary responsibility is the detection of fraud B. Management monitors internal control C. The cost of internal control should not exceed its benefits D.The board of directors is active and independent
nternal control can only provide reasonable, not absolute, assurance of achieving entity control objectives. One of the factors limiting the likelihood of achieving those objectives is that A. The auditor's primary responsibility is the detection of fraud B. Management monitors internal control C. The cost of internal control should not exceed its benefits D.The board of directors is active and independent
Chapter2: Audits Of High-risk Accounts
Section2.1: Jack Greenberg, Inc.
Problem 6Q
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Internal control can only provide reasonable, not absolute, assurance of achieving entity control objectives. One of the factors limiting the likelihood of achieving those objectives is that
A. The auditor's primary responsibility is the detection of fraud
B. Management monitors internal control
C. The cost of internal control should not exceed its benefits
D.The board of directors is active and independent
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