Internal controls can _______.
A)only include certain procedures approved by management and the auditor
B)include any procedure used and relied upon by the client to prevent errors from occurring when processing transactions, or to detect and correct errors that may occur in these transactions
C)include any procedure used and relied upon by the auditor to prevent errors from occurring when processing transactions, or to detect and correct errors that may occur in these transactions
D)never be subject to senior management override

Question

Quizplus · Accepted Answer

Internal controls can include any procedure used and relied upon by the client to prevent or detect errors in processing transactions. They are not limited to specific procedures approved by management and the auditor, nor are they limited to procedures used by the auditor themselves. Also, internal controls can still be subject to senior management override, although this would weaken the overall effectiveness of the control.

Internal Controls Can _______