According to COSO, an executive's deliberate misrepresentation to a banker who is considering whether to make a loan to an enterprise is an example of which of the following internal control limitations?

Management override

Explanation:

Management override can be regarded as ability of management as well as those that are in charge of governance

to prepare fraudulent financial statements or to manipulate accounting records through overriding these controls, in this case, the controls might even shows that it is operating effectively. For management overrides to be prevented, culture that encourages honesty as well as one that supports employees that can speak up in cases whereby when they suspect that something is wrong should be built. It should be noted that According to COSO, An example of Management override internal control limitations is an executive's deliberate misrepresentation to a banker who is considering whether to make a loan to an enterprise

president obama indicates that there are several reasons for the financial crisis. according to the president, one reason is irresponsible practices by financial institutions. the amount of risk involved in newly created investments was high, and few investors or consumers understood this. these types of investments were made possible due to a lack of regulation within the system.

this is right on edge nuity