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Reasonable assurance

An internal control, no matter how well designed and operated, cannot guarantee that an entity’s objectives will be met because of inherent limitations in all internal control systems.

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  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Accounting
  • Category: Auditing
  • Company: AIS
  • Product:
  • Acronym-Abbreviation:
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