Many Clients Build in Redundant Controls Such That If One

question 76

Multiple Choice

Many clients build in redundant controls such that if one control does not detect a misstatement, ________.

• A)no other control will find the same misstatement
• B)an exception report is generated
• C)another control will detect the problem
• D)the control should immediately be eliminated

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Definitions:

Authority to Manage

Refers to the power or right delegated to an individual or group to make decisions and oversee the administration of an organization, property, or legal entity.

Executive Corporate Officer

A high-ranking individual within a corporation, responsible for making major corporate decisions.

Potential Liability

The possibility of being responsible for some future obligation or facing legal penalties.

Specially Customized

Tailored or adapted for a specific purpose, user, or requirement, often involving unique modifications or designs.