Which of the Following Most Likely Would Not Be Considered

question 27

Short Answer

Which of the following most likely would not be considered as an inherent limitation of the effectiveness of a firm's internal control?
A. Incompatible duties.
B. Management override.
C. Mistakes in judgment.
D. Collusion among employees.

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Definitions:

Services

Activities that provide value to customers without producing tangible goods, often characterized by expertise, advice, or labor.

Fraudulent Acts

These refer to intentional deceptions made for personal gain or to harm another individual, often illegal and punishable under law.

Ethical Lapses

Instances where individuals or organizations violate moral principles, often leading to a loss of trust or legal consequences.

Sarbanes-Oxley Act

A U.S. federal law that was enacted on July 30, 2002, to protect investors from the possibility of fraudulent accounting activities by corporations.