Reasonable assurance for internal control means that:
a) Inherent limitations of internal control preclude a system of internal control from providing absolute assurance that objectives will be achieved.
b) The objectives of internal control vary depending on the method of data processing used.
c) Management cannot override controls.
d) A well-designed system of internal controls will prevent or detect all errors and fraud.
Answer: a) Inherent limitations of internal control preclude a system of internal control from providing absolute assurance that objectives will be achieved.
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