Which of the following internal control statements is correct? a. Internal control does not ensure that collusion
Question:
Which of the following internal control statements is correct?
a. Internal control does not ensure that collusion will be detected.
b. Internal control design is the responsibility of the outside auditors.
c. The costs of internal control often exceed the benefits.
d. A strong system of internal control should be enough to show that the financial statements “present fairly.” E-967
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting Reporting And Analysis
ISBN: 9780324149999
6th Edition
Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice
Question Posted: