Exam 12: Administrative Processes and Controls

Good corporate governance depends mainly upon ________.

Capital or investment processes:

Which of the following, within the corporation, has the responsibility for making investment decisions?

In automated accounting:

In a manual system with proper segregation of duties, an employee in the general ledger department should only

Which of the following is NOT generally an area of measure in a balanced scorecard?

Internal reports of financial information:

Select the correct statement from the following:

The officer within a corporation that usually has oversight responsibility for investment processes is the

Special journals include:

Select the correct statement from the following:

To maintain adequate records and documents in a manual general ledger system, there are two important requirements.These are:

When management has designed, implemented, and continually manages processes and internal controls, it is helping to ensure proper ________.

Internal users:

Closing entries are:

The account that a manufacturing operation and a retail firm would have in common would be:

IT controls over computer records and physical controls in general ledger storage areas minimize the related risk of:

Corporations with complex IT systems:

When management designs and implements effective administrative processes:

General ledger employees should record journal vouchers, but they should not: