Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the six underlying control conceptsisolation, redundancy, comparison, oversight, accountability, or assistanceis involved in the following control activities? (Note: some controls may involve more

Which of the six underlying control conceptsisolation, redundancy, comparison, oversight, accountability, or assistanceis involved in the following control activities? (Note: some controls may involve more than one concept.) a. Locking the warehouse door b. Personnel training c. Standard cost variance analysis d. Having security guards patrol a plant e. Segregating the functions of approving purchase requisitions and preparing purchase orders f. Storing backup copies of files at a remote location g. Checking account numbers against a reference file of authorized numbers h. Transmitting an acknowledgment signal following a telecommunications message i. Adding a column of figures two times to see if you got the right answer j. Having a supervisor check a calculation k. Recording an operators ID number in a stored transaction record l. Granting a user a read-only right to a file

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Strawser

2nd Edition

0073128244, 9780073128245

More Books

Students also viewed these Accounting questions

Question

=+1. Who will receive the final evaluation?

Answered: 1 week ago