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50 ut of 1 ABC Company has suffered a huge amount of loss due to assets being stolen by the inventory custodian with the help

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50 ut of 1 ABC Company has suffered a huge amount of loss due to assets being stolen by the inventory custodian with the help of some IT staff and security personnel. Moreover the company recently acquired new automated program to process all inflows and outflows of inventories. Due to lack of training and guidance in the installation of the program the company has suffered bottlenecks in its inventory processes. Which inherent limitations of internal control is best described in the given situation? a Management Override and Collusion b. Lapse of Judgment and Management Override OC Breakdowns and Lapse of Judgment Od Collusion and Breakdowns

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