List the methods of internal controls by category.
Question:
List the methods of internal controls by category.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Internal controls can be categorized into different methods or types based on their specific function and purpose within an organization Here are the ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Internal Auditing: Principles And Techniques
ISBN: 9780894131677
1st Edition
Authors: Richard L. Ratliff, W. Wallace, Walter B. Mcfarland, J. Loeboecke
Question Posted:
Students also viewed these Business questions
-
Research various global financial services organizations (for example, UBS AG, E-Trade, Schwab, ING, Bank of America, HSBC, RBS) through their company websites and other publicly available...
-
Review the article below and answer the bold questions entitled, "Whos in Control of the Ark? A Study of Internal Controls in Operating and Auditing A Small Preschool." Explain two internal controls...
-
One of the fundamental changes that occurred upon passage of the Sarbanes-Oxley Act of 2002 is that the audit profession is no longer allowed to be self-regulatory. Now, the Public Company Accounting...
-
A car has a sticker price of $69,000. The car has a 100 hp engine and can accelerate from 0 to 60 mph in 15.8 seconds. The lease rate is 4.6%. The term of the lease is three years. The buyout is...
-
True or false? Explain or qualify as necessary. a. The expected rate of return on an investment with a beta of 2.0 is twice as high as the expected rate of return of the market portfolio. b. The...
-
Identify the journal in which each of the following transactions is recorded. 1. Cash sales 2. Owner withdrawal of cash 3. Cash purchase of land 4. Credit sales 5. Purchase of merchandise on account...
-
Under what circumstances should development costs be excluded in determining DD&A? Under what circumstances should a portion of proved developed reserves be excluded in determining DD&A? Is the...
-
Mast Corporation acquires a 75% interest in the common stock of Shaw Company on January 1, 2014, for $462,500 cash. Shaw has the following balance sheet on that date: Appraisals indicate that the...
-
A normal distribution has a mean of 126 and a standard deviation of 4. Find the z-score for a data value of 119. Round to two decimal places
-
What is meant by management override? Should it be prohibited? How should its occurrence be monitored?
-
How do preventive controls differ from detective controls? Are they mutually exclusive, redundant, or complementary? Provide three examples to support your response.
-
Yates Co. uses special journals and a general journal. Identify the journal in which each of the following transactions is recorded. (a) Purchased equipment on account. (c) Paid utility expense in...
-
How do educational institutions contribute to the reproduction of social hierarchies and stratification in contemporary societies ?
-
Answer the questions below in a 250-word review of the memo and paper below: Does the introduction clearly announce the topic and engage the readers interest? If not, why not? If yes, what is...
-
Beth Company sold assets to Karen Company with an alleged value of $ 2 , 4 0 0 , 0 0 0 . Beth Company paid $ 2 , 1 0 0 , 0 0 0 for the assets. The actual value of the assets was $ 1 , 7 0 0 , 0 0 0 ....
-
Given the program: importjava.util.Stack; public class SweetCandy { public static void main(String [ ] args) { Stack container = new Stack( ); container.push (new Candy("Purple")); container.push...
-
Which service provides dynamic global Pr. addressing to end devices without using a server that keeps a record of available Pv6 addresses
-
The Balboa Bottling Company is contemplating the replacement of one of its bottling machines with a newer and more efficient one. The old machine has a book value of $600,000 and a remaining useful...
-
Hardin Services Co. experienced the following events in 2016: 1. Provided services on account. 2. Collected cash for accounts receivable. 3. Attempted to collect an account and, when unsuccessful,...
-
s CB1(1) and YA1 of the Income Tax Act 2007 are very important because: Question 5Answer a. these sections explain how an employee, sole trader, partnership, trust and company should be treated...
-
If the seller is responsible for the shipping costs of merchandise sold, the shipping terms will be specified as:Multiple choice question.FOB destinationFOB factoryFOB shipping pointFOB start
-
A golf club production company wants to ensure that all aspects of its production and distribution processes are operating at optimal efficiency. The company produces three types of clubs, a line for...
Study smarter with the SolutionInn App