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I’m confused between inherent limitation and actual factor that increases/decreases control risk.
For example. in a SIM of Gleim. I was asked to choose answer in the right hand column that best describes item in the left hand column. I have:
Collusion
Management overrideand the options:
A condition that increases control risk
A condition that decreases control risk
A form of documentation for internal control
A COSO component of internal control
An inherent limitation of internal controlI thought collusion is a condition that increases control risk; Management override increases control risk. Turns out they are both inherent limitations of control risk.
How to differentiate between “inherent limitations” and actual factors?
FAR-80AUD-77
REG-75
BEC-82
I'm done done!
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