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Match the principle of internal control with its example. Time clocks and safes. Answer 1Choose...Independent internal verificationSegregation of dutiesEstablishment of responsibilityDocumentationPhysical controlsHuman resource controls Bonding
Match the principle of internal control with its example.
Time clocks and safes. | Answer 1Choose...Independent internal verificationSegregation of dutiesEstablishment of responsibilityDocumentationPhysical controlsHuman resource controls |
Bonding employees, mandatory vacations, and background checks. | Answer 2Choose...Independent internal verificationSegregation of dutiesEstablishment of responsibilityDocumentationPhysical controlsHuman resource controls |
Verification of perpetual inventory records through a count of physical inventory. | Answer 3Choose...Independent internal verificationSegregation of dutiesEstablishment of responsibilityDocumentationPhysical controlsHuman resource controls |
Prenumbered invoices. | Answer 4Choose...Independent internal verificationSegregation of dutiesEstablishment of responsibilityDocumentationPhysical controlsHuman resource controls |
Each cashier in a supermarket has a separate drawer. | Answer 5Choose...Independent internal verificationSegregation of dutiesEstablishment of responsibilityDocumentationPhysical controlsHuman resource controls |
The person designing a computer system should not be assigned duties related to the use of the system. | Answer 6Choose...Independent internal verificationSegregation of dutiesEstablishment of responsibilityDocumentationPhysical controlsHuman resource controls |
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