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

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.

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 control is defined, in part, as a plan that... Question 3Answera.enhances the accuracy and reliability of accounting recordsb.all of the other options are correctc.eliminates mistakes and errorsd.prevents robbery and theft

xplain the importance of internal control and risk management