In the Revenue Cycle,the Internal Control "Limit Access" Applies to Physical

question 66

True/False

In the revenue cycle,the internal control "limit access" applies to physical assets only.

---

Definitions:

Illegal

Actions or activities that are forbidden by law or statute and subject to criminal or civil penalties.

Exculpatory Clause

A contract provision that releases one party from liability for wrongful acts or negligence.

False Rumour

An untrue statement or tale spread among people, often causing misunderstanding or misinformation.

Insurance Policy

An insurance policy is a contract between an individual or entity and an insurance company, outlining coverage terms and conditions for specific risks.