Multiple Choice
Which of the following is not stated as a primary objective of a company's internal control policies and procedures?
A) The proper recording and authorization of transactions.
B) The maintenance of adequate records.
C) The prevention or detection of unauthorized activities involving a company's records.
D) The provision of current information for outside investors and analysts.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: The following information was available to
Q13: A bank reconciliation is an internal report
Q14: When you identify interest received from the
Q15: The purchasing,receiving,and bill payment duties are amalgamated
Q16: When you identify outstanding cheques in performing
Q18: A voucher system is a process for
Q19: Match the term and the definition.There are
Q20: Restricted cash is not reported separately on
Q21: If a company's records show a different
Q22: The primary goal of internal controls for