Listed below are examples of matters that may be reportable conditions. Indicate the nature of each event by using the following code letters:
Deficiencies in Internal Control Design
Failures in the Operation of Internal Control
-Employees or management lack the qualifications and training to fulfill their
assigned functions.
A)Failures in the Operation of Internal Control
B)A system fails to provide complete and accurate output consistent with the

Question

Quizplus · Accepted Answer

The scenario described pertains to a situation where employees or management lack the qualifications and training to fulfill their assigned functions, which is a failure in the operation of internal control. This is because internal controls are not just about systems and processes, but also about the people who operate them. If the people lack the necessary qualifications and training, the controls cannot operate effectively.

Listed Below Are Examples of Matters That May Be Reportable