Internal Control Is Weakened by All of the Following Except

question 78

Multiple Choice

Internal control is weakened by all of the following except

• A) collusion.
• B) separation of duties.
• C) effects of changing conditions.
• D) human error.

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Definitions:

Dissolution

The process of formally ending or dissolving an organization, marriage, or legal body.

RUPA

The Revised Uniform Partnership Act, legislation that outlines the laws governing partnerships, focusing on the relationships between partners and with third parties.

Partnership Agreement

A legal document that outlines the roles, responsibilities, and profit-sharing among partners in a business partnership.

Law of Partnership

A legal framework governing the formation, operation, and dissolution of a partnership, including the rights and obligations of partners amongst themselves and to outsiders.