Ask Question, Ask an Expert


Ask Accounting Basics Expert

Which of the following most likely would not be considered an inherent limitation of the potential effectiveness of an entity's internal controls?

A. Incompatible duties.

B. Management override.

C. Mistakes in judgment.

D. Collusion among employees.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M942610

Have any Question? 

Related Questions in Accounting Basics

Locate and read the article listed below and answer the

Locate and read the article listed below and answer the following questions. Brandon, D. M. November 2010. External Auditor Evaluations of Outsourced Internal Auditors. Auditing: A Journal of Practice & Theory 29 (2): 15 ...

Excel formulas functions assignment depreciation

EXCEL FORMULAS / FUNCTIONS Assignment Depreciation Schedule Learning Objectives: 1. Creating Range Names 2. Creating variable Comments 3. Using Absolute and Relative References 4. Creating Formulas using following functi ...

Practice questionsexplain the importance of the assumptions

Practice questions: Explain the importance of the assumptions used by accountants. and describe any four.

Research topic issues in revenue recognitionslater and

Research Topic: Issues in Revenue Recognition Slater and Gordon is a large law firm based in Melbourne, Australia. It is the first law firm being listed on Australian Securities Exchange. However, recently, the firm has ...

Accounting papermany companies use leases to acquire higher

Accounting Paper Many companies use leases to acquire higher priced assets. Leasing is an important activity for many entities. Presently some leases are capitalized and some are treated as operating leases. Opponents of ...

Nbsptask 1 - planning for profit and cost controlobjective

TASK 1 - Planning for profit and cost control Objective - To enable the learner to prepare the budgeted profit statement and undertake cost-volume-profit analysis for decision making Anhad Sdn. Bhd. manufactures car alar ...

Assume that wal-mart stores inc has decided to surface and

Assume that Wal-Mart Stores, Inc. has decided to surface and maintain for 10 years a vacant lot next to one of its stores to serve as a parking lot for customers. Management is considering the following bids involving tw ...

Fraud triangle and red flagsread the following case study

Fraud Triangle and Red Flags Read the following case study and respond according to the instructions at the end: Plutonium was an Internet start-up company founded in 1988 at the beginning of the technology boom. One of ...

Sanford company -the sanford company had the following

Sanford Company - The Sanford Company had the following balance sheet as of December 31, 20x2.  The transactions for the first three months of 20x3 are also presented along with other information about specific accounts. ...

As an auditor for the cpa firm of hinkson and calvert you

As an auditor for the CPA firm of Hinkson and Calvert, you encounter the following situations in auditing different clients. 1. LR Corporation is a closely held corporation whose stock is not publicly traded. On December ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate