Which of the following is false? a. preventive controls are often preferable to detective controls b. application controls depend on general controls c. programmed controls are often preferable to manual controls d. management override of internal controls is not a means for perpetrating fraud e. all of the above are correct

The correct answer is letter "D": management override of internal controls is not a means for perpetrating fraud.

Explanation:

In a company, overriding any type of information may be a signal of fraud, moreover when it comes to modifying financial or operational activities such as internal controls. There must be a good reason for deleting such information in an entity that should be reported to the next command in charge. Otherwise, the organization has a motive to investigate the executive overriding the data.

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lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o