The Inherent Limitations of Internal Control Include the Possibility of Collusion

question 39

True/False

The inherent limitations of internal control include the possibility of collusion by two or more individuals to circumvent a control.

---

Definitions:

Gender Equality

The state of equal access to resources and opportunities regardless of gender, including economic participation and decision-making, and the state of valuing different behaviors, aspirations and needs equally, irrespective of gender.

Benevolence

A disposition to do good or an act of kindness towards others.

Universalism

The ethical, philosophical, and theological concept that some ideas have universal application or applicability, transcending individual or cultural differences.

Occupational Role

The behavior and expectations associated with a particular job or position within an organization.