Multiple Choice
Which of the following is an example of a prevent control?
A) Sales invoices are automatically priced using the information in the price master file.
B) Management level reviews of actual performance versus budgets.
C) Credit manager following up on an exception report showing sales made to a customer who has exceeded their credit limit.
D) A bank reconciliation.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The Australian Securities and Investments Commission (ASIC)inspects
Q2: Controls can be classified as:<br>A)manual controls.<br>B)information technology
Q4: A computer program that will not allow
Q5: A sampling technique used to reach a
Q6: Re-performance involves the auditor re-performing the control
Q7: Tracing certain amounts on the bank reconciliation
Q8: Tracing certain amounts on the bank reconciliation
Q9: Which of the following would not be
Q10: Explain the differences between prevent controls and
Q11: An example of a purely manual control