Question
A system of internal control can only provide reasonable assurance, which is based on the belief that the costs of establishing control activities should not
A system of internal control can only provide reasonable assurance, which is based on the belief that
the costs of establishing control activities should not be greater than their expected benefit.
the system can always detect errors and irregularities.
the system is infallible.
the human element is not important.
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Forensic Accounting And Fraud Examination
Authors: Mary Jo Kranacher, Richard Riley
2nd Edition
1119494338, 9781119494331
