An effectively designed control may still represent a material weakness in the entity's internal control.Select one:TrueFalse

When control risk is relevant to the subject matter, control risk will not exist anymore because of the inherent limitations of the design and operation of internal controlSelect one:TrueFalse

Understanding entity's controls is a process to assess the effectiveness of internal control performance on a timely basis and taking necessary corrective actions.Select one:TrueFalse

An entity's mix of manual and automated elements in internal control varies with the nature and complexity of the entity's use of IT.Select one:TrueFalse

Internal controls have certain limitations. Identify the alternative that is not one of those limitations.a.Controls are directed at routine and non-routine transactions.b.Management can abuse their responsibility.c.The potential of human error exists.d.The cost of implementing a control could exceed it benefits

Discuss the limitations of internal control components.