A company in the financial sector will initiate actions to comply with its general internal control objectives. If you start with those related to the accounting system, the objective to address would be: Select one: a. The registered data referring to the assets subject to custody must be compared, at reasonable intervals, with the existing physical assets in order to take appropriate and timely measures that address the differences that are detected. b. Transactions must be valid in order to be known and to be submitted to an acceptance process in a timely manner. c. Identify transactions that can be recorded. d. Transactions must be recorded in the same accounting period, taking care, above all, that they are those that affect more than one cycle.
A company in the financial sector will initiate actions to comply with its general internal control objectives. If you start with those related to the accounting system, the objective to address would be: Select one: a. The registered data referring to the assets subject to custody must be compared, at reasonable intervals, with the existing physical assets in order to take appropriate and timely measures that address the differences that are detected. b. Transactions must be valid in order to be known and to be submitted to an acceptance process in a timely manner. c. Identify transactions that can be recorded. d. Transactions must be recorded in the same accounting period, taking care, above all, that they are those that affect more than one cycle.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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7. A company in the financial sector will initiate actions to comply with its general internal control objectives. If you start with those related to the accounting system, the objective to address would be:
Select one:
a.
The registered data referring to the assets subject to custody must be compared, at reasonable intervals, with the existing physical assets in order to take appropriate and timely measures that address the differences that are detected.
b.
Transactions must be valid in order to be known and to be submitted to an acceptance process in a timely manner.
c.
Identify transactions that can be recorded.
d.
Transactions must be recorded in the same accounting period, taking care, above all, that they are those that affect more than one cycle.
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