The main limitation of internal control that no system can eliminate is:
ACost of implementation
BManagement override and collusionCORRECT
CStaff turnover
DUse of computers
ICANAudit & AssuranceInternal Control and Tests of Controls2024
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Inherent limitations include human error, collusion between staff, and management override of controls, which is why the auditor must always perform procedures directed at override risk.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →
Practice more Audit & Assurance questions
ICAN Audit & Assurance has thousands more questions like this — with Worked answers on every one.