To identify if the following statement is true or false: “Even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls.”

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Answer 1

Question

Chapter 4, Problem 8TF

To determine

To identify if the following statement is true or false: “Even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls.”

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Students have asked these similar questions

The quality of the environment in which internal control operates has a pervasive effect on many assertions. TRUE OR FALSE? WHY?

Which of the following is not one of the elements of a good system of internal control? a.Control environment b.Analysis of control procedures c.Information and communication d.Risk assessment

Which is not among the principles contained in the development of the science of internal control? * fraud prevention supervisory review preventive controls are the best forms of control ensure objectives are met

Answer 2

Question

Chapter 4, Problem 8TF

To determine

To identify if the following statement is true or false: “Even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls.”

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Answer 3

Question

Chapter 4, Problem 8TF

To determine

To identify if the following statement is true or false: “Even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls.”

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Answer 4

Question

Chapter 4, Problem 8TF

To determine

To identify if the following statement is true or false: “Even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls.”

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Answer 5

Chapter 4, Problem 8TF

To determine

To identify if the following statement is true or false: “Even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls.”

Answer 6

Chapter 4, Problem 8TF

To determine

To identify if the following statement is true or false: “Even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls.”

Answer 7

Chapter 4, Problem 8TF

To determine

To identify if the following statement is true or false: “Even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls.”

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 4 - Prob. 1DQ Ch. 4 - Prob. 2DQ Ch. 4 - Prob. 3DQ Ch. 4 - Prob. 4DQ Ch. 4 - Prob. 5DQ Ch. 4 - Why is it important to inform outside vendors of...Ch. 4 - Prob. 7DQ Ch. 4 - Prob. 8DQ Ch. 4 - Prob. 9DQ Ch. 4 - Prob. 10DQ

To identify if the following statement is true or false: “Even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls.”

Solution Summary: The author explains that even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls.

To identify if the following statement is true or false: “Even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls.”

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Chapter 4 Solutions