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Question # 32

The concept of “reasonable assurance” in internal control means:

Options:

A.

Controls can prevent all fraud and error

B.

Controls are designed to reduce risks to an acceptable level, not eliminate them

C.

Controls must operate at 100% effectiveness

D.

Controls focus only on compliance, not efficiency

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CGFM Overview

Name Certified Government Financial Manager
Code CGFM
Vendor Finance, Insurance and Real Est
Certification Association of Government Accountants (AGA)

CGFM Questions