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:

Fprintf()

A function in C that allows formatted data to be written to a file.

Printer

A printer is an external device connected to a computer that produces a hard copy of electronic documents stored in digital form.

Rewind()

A function in C that sets the file position indicator to the beginning of a file stream.