Multiple Choice
If the same employee is responsible for authorizing a business transaction and recording the transaction in the accounting records, this indicates a weakness in which element of a company's internal control system?
A) A good audit trail
B) Separation of duties
C) Internal review of controls
D) Competent employees
Correct Answer:
Verified
Correct Answer:
Verified
Q55: Which of the following factors best describes
Q56: The component of an internal control system
Q57: COBIT 5 deals exclusively with internal control
Q58: Which one of the following types of
Q59: Three objectives of a company's internal control
Q61: The 2013 COSO Report identifies five components
Q62: A good internal control system will contribute
Q63: COBIT 5's principles guide effective management and
Q64: When assessing a company's internal control structure
Q65: Segregation of duties is a fundamental concept