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Internal controls in large and medium sized entities can only provide an entity with reasonable assurance in achieving its financial reporting objectives. Which of the
Internal controls in large and medium sized entities can only provide an entity with reasonable assurance in achieving its financial reporting objectives. Which of the following is an inherent limitation of internal control?
a.
a control within a software requiring management authorization to override
b.
changing audit risk parameters
c.
requiring someone to review data input into the system for accuracy
d.
having multiple employees work together to override a control
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