Question
S1: Internal control is designed and implemented to address all business risks that threaten the achievement of the objectives of internal control. S2: One of
S1: Internal control is designed and implemented to address all business risks that threaten the achievement of the objectives of internal control. S2: One of the inherent limitations of internal control is the lack of segregation of duties.
a.Both statements are true.
b.Both statements are false.
c.Only statement 1 is true.
d.Only statement 2 is true.
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College Accounting Chapters 1-12
Authors: Douglas McQuaig
10th Edition
1439038783, 978-1439038789
