An Internal Control System Can Be Circumvented By

question 67

Multiple Choice

An internal control system can be circumvented by:

• A)collusion,encryption and management override.
• B)collusion,management override and segregation of duties.
• C)collusion,management override and human limitations.
• D)nothing,if it is a good internal control system.

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Definitions:

Start-Up Companies

Start-Up Companies are newly established businesses in the initial stage of their operations, often characterized by innovative ideas and solutions aiming to meet a marketplace need or solve a problem.

Annual Sales

The total revenue generated from the sale of goods or services by a business over the course of a year.

Negligence Per Se

A legal doctrine where an act is considered negligent because it violates a statute or regulation intended to protect the public.

Statute Violation

An act or omission that goes against a law established by a legislative body.