Human error is a common cause of internal control failure.True false question.TrueFalse

When control risk is relevant to the subject matter, control risk will not exist anymore because of the inherent limitations of the design and operation of internal controlSelect one:TrueFalse

Internal controls have certain limitations. Identify the alternative that is not one of those limitations.a.Controls are directed at routine and non-routine transactions.b.Management can abuse their responsibility.c.The potential of human error exists.d.The cost of implementing a control could exceed it benefits

Discuss the limitations of internal control components.

An improperly designed control does not necessarily represent a material weakness in the entity's internal control.Select one:TrueFalse

Identify the following description as an internal control (control activity) or control weakness At Sydney Trains, the station staff do not detain or stop people from jumping over the swipe card gates.Group of answer choicesinternal control / control activitycontrol weakness