Multiple Choice
An internal control questionnaire for evaluating the completeness objective of cash receipts would not include which of the following questions?
A) Does the person who opens the mail make a list of cash received?
B) Are prenumbered sales invoices or receipt books used?
C) Are current receipts controlled by mechanical devices?
D) Does a responsible person approve discounts taken by customers with payments on account?
Correct Answer:
Verified
Correct Answer:
Verified
Q50: Which of the following would be consistent
Q51: The client should request the bank to
Q52: Another name for employee fraud and embezzlement
Q53: During an audit of cash,the auditor is
Q54: In the audit of cash,the auditor obtains
Q56: Employee fraud generally involves people at the
Q57: Which of the following should be performed
Q58: Fidelity bonds are used to prevent embezzlement.
Q59: It is always good control to have
Q60: To provide assurance that each voucher is