QUESTION 17 A physical inventory count is an example of a a corrective control b.detective control c. preventive control d.feedforward control QUESTION 18 The concept of reasonable assurance suggests that a, the effectiveness of internal controls is a function of the industry environment b. a well-designed system of internal controls will detect all fraudulent activity c. the objectives achieved by an internal control system vary depending on the data processing method d. the cost of an internal control should be less than the benefit it provides QUESTION 19 Which of the following is not an example of independent verification? a. permitting only authorized users to access the accounting system b. comparing the accounts payable subsidiary ledger to the control account c. performing a bank reconciliation d. comparing fixed assets on hand to the accounting records Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Pro IC Q Search or type URL