Multiple Choice
Which of the following sets of duties would ordinarily be considered basically incompatible in terms of good internal control? ?
A) Preparation of monthly statements to customers and maintenance of the Receivables Ledger.
B) Maintenance of the Nominal Ledger and approval of additions and terminations relating to the payroll.
C) Custody of signed cheques and maintenance of Nominal Ledger.
D) Collection of receipts on account and maintaining Receivables Ledger
Correct Answer:

Verified
Correct Answer:
Verified
Q1: When Fidelio plc receives a payables invoice
Q2: Wilton Ltd operates a Wages Control Account
Q3: Which of the following is NOT an
Q4: Modern software makes the use of CAATs
Q6: A trainee auditor has listed what she
Q7: Auditors use test data to test controls
Q8: The use of CAAT's enables auditors to
Q9: Embedded software can provide continuous monitoring of
Q10: Which of the following sets of duties