When considering the effectiveness of internal control, the auditor should recognize that inherent limitations do exist.  Which of the following is an example of inherent limitations in a client's internal control?  Group of answer choices  Procedures are designed to assure the execution and recording of transactions in accordance with management's authorization.  In the performance of most control procedures, there are possibilities of errors arising from mistakes in judgment.  The effectiveness of procedures depends on the segregation of employee duties.  Procedures for handling large numbers of transactions   are processed by electronic data processing equipment

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter1: Comprehensive Cases
Section1.7: Navistar International Corporation
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When considering the effectiveness of internal control, the auditor should recognize that inherent limitations do exist.  Which of the following is an example of inherent limitations in a client's internal control? 

Group of answer choices 

Procedures are designed to assure the execution and recording of transactions in accordance with management's authorization. 

In the performance of most control procedures, there are possibilities of errors arising from mistakes in judgment. 

The effectiveness of procedures depends on the segregation of employee duties. 

Procedures for handling large numbers of transactions   are processed by electronic data processing equipment. 

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