The concept of reasonable assurance suggests that
A. the cost of an internal control should be less than the benefit it provides
B. a well-designed system of internal controls will detect all fraudulent activity
C. the objectives achieved by an internal control system vary depending on the data processing method
D. the effectiveness of internal controls is a function of the industry environment
Answer: A
You might also like to view...
Describe a technique for handling related exceptions.
What will be an ideal response?
What happens when the Exception class is used in a catch clause to catch an exception?
What will be an ideal response?
What is the meaning of the following terms (when applied to memory systems technology)?
What will be an ideal response?
It takes about _______________ frames to produce one second of realistic movement.
Fill in the blank(s) with the appropriate word(s).