Question
Obtaining an understanding of an internal control involves evaluating the design of the control and determining whether the control has been A. Tested B. Authorized
Obtaining an understanding of an internal control involves evaluating the design of the control and determining whether the control has been
A. Tested
B. Authorized
C. Implemented
D. Monitored
The correct answer is C. Once we have an understanding of the internal control system, we want to make sure it has been implemented like we evaluated it.
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Financial And Managerial Accounting Working Papers Volume I
Authors: Belverd E. Needles
7th Edition
061839365X, 978-0618393657
