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Limitations of Internal Controls
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Problem 10
Limitations of Internal Controls
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6. Internal Controls and Reporting Cash / Limitations of Internal Controls / Problem 7
Problem 7
How do internal controls provide reasonable assurance over the safeguarding of assets?
A
By ensuring that assets are protected against unauthorized access and use.
B
By eliminating all risks associated with asset management.
C
By reducing the need for employee training.
D
By guaranteeing the accuracy of financial statements.
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