Multiple Choice
An important part of effectiveness and efficiency of controls is safeguarding assets and records. This refers to:
A) confidential documents.
B) general ledger and journals.
C) physical assets of a company.
D) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q33: Each key control that the auditor intends
Q35: Authorisations can be either general or specific.
Q36: If the auditor wants a lower assessed
Q37: There is a distinction between authorisation and
Q38: Adequate documents and records is a subcomponent
Q40: The financial statements are NOT likely to
Q41: Understanding components of internal control and assessing
Q42: The control environment consists of the actions,
Q104: Discuss 'monitoring activities' and give an example.
Q106: Of the three objectives management has when