QUESTION 27 Which one of the following represents a control deficiency? 1. C A A missing control that is required for achievement of objectives c B. A control that operates as designed C C A control that ensures the reliability of financial reporting. C D.A control that does not prevent immaterial errors 2.5 points QUESTION 28 Which of the following is an inherent limitation of internal controls? O A Lack of auditor independence. 1. , Collusion C CSeparation of duties C D.Employee peer review 2.5 points QUESTION 29 Which of the following is an example of a physical control to safeguard assets? C C C C 1. A.Hiring only trustworthy cashiers B. Separation of duties C.Locks on the warehouse doors D.Safety audits on the production-line 2.5 points QUESTION 30 control? c A.Input control o B. Preventive control c C.Detective control 1. Requiring two signatures on any check in excess of $10,000 is an example of which type of D. Processing control 2.5 points QUESTION 31 Which one of the following is an example of the contents of an opinion paragraph found in an audit report O A We have audited.... 1. B. "Nothing came to our attention..". O C. The financial statements referred to above present fairly... D."An audit includes examining, on a test basis