A System of Internal Control Can Only Provide Reasonable Assurance

question 5

Multiple Choice

A system of internal control can only provide reasonable assurance, which is based on the belief that

• A)the system is infallible.
• B)the system can always detect errors and irregularities.
• C)the costs of establishing control activities should not be greater than their expected benefit.
• D)the human element is not important.

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Definitions:

South Asians

Individuals originating from the southern region of Asia, which includes countries like India, Pakistan, Bangladesh, and Sri Lanka.

Skin Color

A person's complexion or pigmentation, significantly influenced by genetic inheritance and often used as a basis for social and racial categorization.

Religious Discrimination

Unfair treatment of individuals based on their religious beliefs or practices.

White Supremacist Literature

Written works that promote the belief in the superiority of the white race over other races.