Reasonable assurance in terms of internal control
Question: What is the meaning of the concept of reasonable assurance in terms of internal control? What are the inherent limitations of internal control?Please provide a full response for a full understanding of the topic.
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For example, 7 + 8 mod 11 is 4 and 7*8 mod 11 is 1 so the entry in row 7, column 8 would be 4 for the addition table and 1 for the multiplication table.
What is the meaning of the concept of reasonable assurance in terms of internal control? What are the inherent limitations of internal control?
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