Answered: 5) What are common limitations of…

5) What are common limitations of Internal Controls? a) Human Error b) Human Fraud c) Cost-Benefit Principle d) A, B, and C e) A and B only

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter3: Internal Control Issues

Section3.2: Howard Street Jewelers, Inc.

Problem 1Q

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Question

5) What are common limitations of Internal Controls?

a) Human Error
b) Human Fraud
c) Cost-Benefit Principle
d) A, B, and C
e) A and B only

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