Multiple Choice
Which one of the following activities would be LEAST likely to strengthen a company's internal control?
A) management demonstrating by policy and example that it values accuracy and integrity
B) fixing responsibility for the performance of employee duties
C) maintaining insurance for fire and theft
D) carefully selecting and training employees
Correct Answer:
Verified
Correct Answer:
Verified
Q85: Describe the three key concepts (assumptions)in the
Q86: An important part of effectiveness and efficiency
Q87: Often, for efficiency, the auditor will ignore
Q88: An effective accounting information and communication system
Q89: An internal control dictates that prices on
Q91: If, when obtaining an understanding of control
Q92: ASA 315 states that the auditor shall
Q93: When the auditor's assessment of control risk
Q94: Discuss the objectives of internal control with
Q95: When documenting their understanding of a client's