A System of Internal Control Cannot Be Considered Good Until

question 71

True/False

A system of internal control cannot be considered good until the possibility of human error has been completely eliminated.

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Definitions:

ADR Clauses

Provisions in a contract that require parties to resolve disputes through alternative dispute resolution methods, such as arbitration or mediation, instead of litigation.

Employer

An individual or organization that hires and pays people to perform work or services.

Employment Relationship

A legal and formal relationship between an employer and an employee characterized by the payment of wages or salary in exchange for work performed.

ADR Panel

A group of independent and neutral experts selected to conduct and oversee alternative dispute resolution processes, such as arbitration or mediation.