Which of the following is not part of the definition of internal control? a. Separation of duties

Question:

Which of the following is not part of the definition of internal control?

a. Separation of duties

b. Safeguard assets

c. Encourage employees to follow company policies

d. Promote operational efficiency

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial And Managerial Accounting

ISBN: 9780135080191

2nd Edition

Authors: Charles T Horngren, Jr Walter T Harrison

See More Books

Question Posted: Feb 02, 2024 05:01 AM

See More Questions

Internal control, components, procedures, and laws TERMS: 1. Internal control 2. Control procedures 3. Firewalls 4. Encryption 5. Control environment 6. Information system 7. Separation of duties 8....
Internal controls are designed to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate accounting records. Requirements 1. Which...
Internal controls are designed to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate records. Which objective is most important?...
DEFINE TABLE AUTHORS WITH COLUMNS AUTHORID INT AND AUTHORNAME VARCHAR(30),ADD COLUMN LEVEL PRIMARY KEY CONSTRAINT FOR AUTHORID, ADD COLUMN LEVEL NOT NULL CONSTRAINT FOR AUTHORNAME 2. DEFINE TABLE...
Consider a tank that contains a saturated liquidvapor mixture of water in equilibrium. Some vapor is now allowed to escape the tank at constant temperature and pressure. Will this disturb the phase...
How would you evaluate or measure the success of a student in this class, based on the four core competencies? (performance evaluation) 1. 2. 3. 4. LO.1
In a factory section, there are 80 workers and the average rate of wages per worker is Re 0.50 per hour. Standard working hours per week are 45 hours and the standard performance is 6 units per hour....
At the companys quarterly strategy meeting, senior management decided to expand into business education materials aimed at corporations that require entry-level and mid-level managers to complete...
Problem 5 You are given the following information: A four-year corporate bond has a coupon rate of 6.10% and a Zspread of 70 bps. What is its price on a par value of 100
The Sarbanes-Oxley Act a. created the Private Company Accounting Board. b. allows accountants to audit and to perform any type of consulting work for a public company. c. stipulates that violators of...
Great Music Shop began April with merchandise inventory of 15 units that cost $80 each. The sale price of each unit is $280. During the month, Great Music purchased and sold merchandise on account as...
Find the derivative using the definition. f(t) || 1 2t + 1
D manufacturing Company uses a process cost system. In the second department, Department X, spoiled units occur when units are 70% complete. Direct Materials are added at the end of the process....
This week, I read Pat Friman's 2021 article, "There Is no Such Thing As a Bad Boy: The Circumstances View of Problem Behavior," on adopting The Circumstances View when working with clients. In this...
Download the labour force statistic for Australia from the ABS website here. Use the data to answer the following questions only. You do not have to analyze the data. Show proof when you make...
Split Corporation manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products based on relative sales values of the products at the split-off point....
A television show conducted an experiment to study what happens when buttered toast is dropped on the floor. When 44 buttered slices of toast were dropped, 28 of them landed with the buttered side up...
Verify the validity of the last Maxwell relation (Eq. 12-19) for refrigerant-134a at 508C and 0.7 MPa. as aT
The landing gear of an aircraft with: mass of 2000 kg the spring-mass-damper system Consider that the runway surface is y(t) = 0.2 cos 157.08t stiffness of the spring is 5 x 105 N/m. What is the...
How important is location data to Starbucks's business strategy? Explain your answer.
How do location analytics help Starbucks managers make better decisions? Give examples of two decisions that the Atlas system helps support.
Compare Starbucks decisions about store location in 2007-2008 and 2012. What made the later decisions more successful? What management, organization, and technology factors were involved?
1,600 Balance Sheet The following is a list (in random order) of KIP International Products Company's December 31, 2019, balance sheet accounts: Additional Paid-In Capital on Preferred Stock $2,000...
Question 3 4 pts 9 x + 3 x 9 if x 0 Find a) lim f(x), b) lim, f(x), C), lim , f(x) if they exist. 3 Edit View Insert Format Tools Table : 12pt M Paragraph B IV A2 Tv
Mr. Geoffrey Guo had a variety of transactions during the 2019 year. Determine the total taxable capital gains included in Mr. Guo's division B income. The transactions included: 1. On January 1,...

Which of the following is not part of the definition of internal control? a. Separation of duties

Question:

Step by Step Answer:

Out of the given options the one that is not part of the definition of internal control is c Encoura...View the full answer

Financial And Managerial Accounting

Students also viewed these Business questions