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Which of the following statements is true? A good system of internal control does not require monitoring. Risk assessment is one component of a good
Which of the following statements is true?
A good system of internal control does not require monitoring.
Risk assessment is one component of a good system of internal control.
When one individual is responsible for all related activities, the potential for errors and irfugularities is decreased.
Control activities are most effective when several people are responsible for a given task.
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
