Limitations of internal control: possibility that procedure may become inadequate due to change in condition and compliance with procedure may deteriorate..sir explain..
Questions › Category: SA-315 › Limitations of internal control: possibility that procedure may become inadequate due to change in condition and compliance with procedure may deteriorate..sir explain..
Internal Control Procedure was designed keeping in mind over the counter cash collection but latter on people started paying through paytm & bhim app so old system became inadequate
Ashish Patel
Ravi