An Inherent Weakness of All Internal Controls Is

question 21

Multiple Choice

An inherent weakness of all internal controls is:

• A)They require highly educated people to implement.
• B)Performing tests of controls is more costly than obtaining substantive evidence.
• C)The potential for management to override them.
• D)Each control costs more money to implement.

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Definitions:

Parameters

A set of boundaries or limits that define the scope and operating conditions of a system, project, or experiment.

Earned Value Management

A project management technique that integrates scope, time, and cost data to assess project performance and progress.

Time-Consuming Estimating Method

A method of estimating that requires a significant amount of time to analyze and calculate, often due to its complexity or detail.

Schedule Variance

A project management metric that compares the amount of work performed against the work scheduled.