Given enough time and resources, any preventive control can be breached. What could stop this from happening?Select answer from the options belowUsing internal controlsUsing segregation of dutiesUsing a time-based modelUsing a security system

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

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

What is the main reason for inherent limitations in internal control?Option     Management's override of controls     The costs of internal controls should not outweigh the benefits     Lack of management commitment to internal control     Inadequate training of employees responsible for internal control

Describe FIVE techniques that could be used by management to override internal controls.

Internal controls are not designed to safeguard assets fromGroup of answer choicesemployee theft.natural disasters.unauthorized use.robbery.