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Business, 29.10.2019 21:31 jennmcd17

Which of the following statements is correct regarding internal control? an inherent limitation of internal control is that controls can be circumvented by management override. internal control is a necessary business function and should be designed and operated to detect all fraud and error. a well-designed and operated internal control environment should detect collusion. a well-designed internal control environment ensures the achievement of an entity’s control objectives.

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