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Controls cannot provide absolute assurance.   Describesome of the major limitations of internal control and...

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Accounting

Controls cannot provide absolute assurance.   Describesome of the major limitations of internal control and explain howthey diminish the reliability of internal controls.

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Internal control refers to the set of standards and rules that are designed by the management with the goal of achieving organisational objectives However these controls have certain limitations which make it difficult to rely on the internal control    See Answer
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In: AccountingControls cannot provide absolute assurance.   Describesome of the major limitations of internal control and explain...Controls cannot provide absolute assurance.   Describesome of the major limitations of internal control and explain howthey diminish the reliability of internal controls.

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