Multiple Choice
Having one employee prepare company checks and sign those checks relates to which internal control activity?
A) a violation of proper segregation of duties
B) a violation of adequate documents and records
C) a good example of checks on recorded amounts
D) a good example of clearly defined authority and responsibility
Correct Answer:
Verified
Correct Answer:
Verified
Q94: A good system of internal control requires
Q95: The only essential element of internal control
Q96: Petty Cash is NOT considered to be
Q97: No special internal control procedures are necessary
Q98: The accountant for a local manufacturing company
Q100: Discount Muffler Company is preparing its bank
Q101: The items listed below were identified while
Q102: The following set of items describes activities
Q103: Cash equivalents typically appear in the long-term
Q104: Choose the proper category of internal control