Matching
Match the appropriate description below with each of the following principles of internal control.
Premises:
Involves the review, comparison, and reconciliation of data prepared by other employees.
Provide evidence that transactions and events have occurred.
Includes the authorization and approval of transactions.
Rotating employees' duties and requiring employees to take vacations.
Related activities should be assigned to different individuals.
Using garment sensors to deter theft.
Responses:
Establishment of responsibility
Segregation of duties
Documentation procedures
Physical controls
Independent internal verification
Human resource controls
Correct Answer:
Premises:
Responses:
Involves the review, comparison, and reconciliation of data prepared by other employees.
Provide evidence that transactions and events have occurred.
Includes the authorization and approval of transactions.
Rotating employees' duties and requiring employees to take vacations.
Related activities should be assigned to different individuals.
Using garment sensors to deter theft.
Premises:
Involves the review, comparison, and reconciliation of data prepared by other employees.
Provide evidence that transactions and events have occurred.
Includes the authorization and approval of transactions.
Rotating employees' duties and requiring employees to take vacations.
Related activities should be assigned to different individuals.
Using garment sensors to deter theft.
Responses:
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