Limitations of effective internal control procedures

Reference no: EM1350794

A significant component of an audit program is the examination of the organization's internal control procedures and if they are being followed. However, there are a few limitations to this review of internal controls. A few of the limitations are listed below. What has your experience been, or what have you read, about why these limitations exist?

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Management overrides
Collusion

Reference no: EM1350794

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