1. Which of the following is not an internal control procedure?

a) An employee performing related duties.

b) Regular bank deposits.

c) Proper authorization for cash payments.

d) Having an internal auditor on staff.

2. A computerized accounting systems is NOT more effective than a manual system for:

a) posting journal entries.

b) cost savings on the initial purchase.

c) generating financial statements.

d) performing financial analyses.