easy5 pts · first answer countsinternal-controlscontrol-limitations

Why only reasonable assurance

Why can a well-designed system of internal control give only reasonable, not absolute, assurance?

A.Auditors are not allowed to test more than a sample of transactionsB.COSO forbids companies from claiming that controls are fully effectiveC.Human error, collusion, management override and cost limits always remainD.Automated controls stop working once the year-end balances are closed

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Why only reasonable assurance

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