Answered: Which of the following is NOT a…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter4: Internal Control And Cash

Section: Chapter Questions

Problem 2DQ

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Similar questions

How does inherent risk relate to internal controls? Why is it important to assess inherent risks of material misstatement prior to evaluating the quality of an organization’s internal controls?
Which of the following is NOT a component of internal control? a) Control activities b) Risk assessment c) External audit d) Monitoring activities MCQ
Answer this below Question
Which of the following is not one of the components of internal control according to the framework? a. Monitoring Activities b. Control Activities c. Planning Activities d. Risk Assessment
Which of the following is not one of the elements of a good system of internal control? a.Control environment b.Analysis of control procedures c.Information and communication d.Risk assessment
The internal audit function is part of what element of the internal control system? a.Risk assessment b.Control activities c.Control environment d.Monitoring
What element of internal control would include the setting of "tone at the top"? a.control environment b.risk assessment c.monitoring d.control activities
_____, which constitute one of the most important elements of internal control, include separating responsibilities for related operations. Control procedures Risk assessment activities Information and communication activities Risk monitoring procedures
Which of the following i not an element of internal control?A. Control environmentB. MonitoringC. Compliance with laws and regulationsD. Control procedures
Aside from documenting his/her understanding of the internal control structure, the auditor should also document the assessed level of control risk. True or false? why?
Which of the following is an element of the control environment? Oa. Risk assessment plans Ob. Managements' operating styles Oc. Control proceares Od. Information and communication activities
Which of the following is not true concerning control activities? a.Control procedures is another term for control activities. b. Transaction authorization is a control activity. c. Information and communication is an important component of control activities. d. Control activities generally fall into the two categories of preventive controls and detective controls.

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Which of the following is NOT a component of internal control? a) Control activities b) Risk assessment c) External audit d) Monitoring activities