Internal controls can never be regarded as completely effective. Even if company personnel could design an ideal system, its effectiveness depends on the
A) adequacy of the computer system.
B) proper implementation by management.
C) ability of the internal audit staff to maintain it.
D) competency and dependability of the people using it.
Correct Answer:
Verified
Q30: When one material weakness is present at
Q31: It is possible for management to design
Q32: Reasonable assurance allows for
A) low likelihood that
Q33: The auditor's responsibilities for internal control include
Q34: When a company designs and implements internal
Q36: The primary emphasis by auditors is on
Q37: Two key concepts underlie management's design and
Q38: When considering internal controls,
A) auditors can ignore
Q39: If required under special circumstances, an auditor
Q40: The Sarbanes-Oxley Act requires
A) all public companies
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