Which among the following is not representing an inherent limitation of the Internal control system a. Misunderstanding of instructions by employees b. None of these Options c. Employee conspiracy / collusion d. Limitations due to human decisions/ judgements

Which among the following is not representing an inherent limitation of the Internal control system a. Misunderstanding of instructions by employees b. None of these Options c. Employee conspiracy / collusion d. Limitations due to human decisions/ judgements

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Processes and procedures involved in achieving the organizational goals and objectives for the daily operations of a company. Control systems involve all the operational control systems, their implementation, and strategic control processes.

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