An internal control exception is an observed condition that provides evidence that the control being tested did not operate as intended.

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Quizplus · Accepted Answer

An internal control exception is indeed an observed condition that indicates that the control being tested did not operate as intended. Exceptions can be caused by errors, fraud, or other issues, and they may require remedial action to be taken to strengthen the control environment.

An Internal Control Exception Is an Observed Condition That Provides