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Which of the following situations is not an example of an inherent limitation of internal control?

The following are general questions about internal control. Choose the best response. a. Which of the following situations is not an example of an inherent limitation of internal control? (1) A programming error in the design of an automated control allows an employee to give himself an unauthorized pay increase.(2) Management’s failure to enforce control […]

Which of the following situations is not an example of an inherent limitation of internal control?

Following are descriptions of 10 internal controls. 1. The company has an organizational chart that establishes the formal lines of reporting and authorization protocols.2. Before a cash disbursement can be processed, all payee information must be verified by matching the payee to the company’s approved vendor listing.3. The company’s computer systems track individual transactions and […]

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