Two Limitations of Internal Control Systems Are ________And________

question 131

Short Answer

Two limitations of internal control systems are ________and________.

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Definitions:

Plans

Detailed proposals for doing or achieving something, often indicating the timing and sequence of actions involved.

Policies

Formal guidelines or rules within an organization that outline how certain situations should be handled.

Role Expectations

The anticipated behaviors and actions associated with a specific position or status in a social setting or organization.

Peers

Individuals who are of similar age, status, or interest, often influencing each other's behaviors and beliefs.