Which of the following does not enhance internal control? a. Assigning different duties to different employees b.

Question:

Which of the following does not enhance internal control?

a. Assigning different duties to different employees
b. Ensuring adequate documentation is maintained
c. Allowing access only when required to complete assigned duties
d. None of the above—all enhance internal control.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Financial Accounting

ISBN: 9781265440169

7th Edition

Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby

See More Books

Question Posted: Nov 01, 2021 01:31 AM

See More Questions

Which of the following does not accurately summarize auditors requirements regarding internalcontrol? Public EtityNonpublic E a. Understanding b. Documenting c. Evaluating control risk d. Test...
Which of the following does NOT have some role in skeletal muscle control? a) motor cortex b) basal ganglia c) pons d) cerebellum e) hypothalamus
Which of the following does a company include in property, plant, and equipment on the balance sheet? 1. Idle equipment awaiting sale 2. Land held for future use as a plant site 3. Land held for...
A newly issued 20-year maturity, zero-coupon bond is issued with a yield to maturity of 8% and face value $1,000. Find the imputed interest income in the first, second, and last year of the bonds...
A car engine is rated at 160 hp. What is the power in SI units?
Julia is about to change jobs. Her new employer offers several different health care plans including a traditional fee-for-service plan with a PPO, and an HMO. Her employer will pay the first $300...
A 60-g Mars bar will supply you with $1095 \mathrm{~kJ}$ of energy. How many of them would you need to get enough energy to climb the first $800 \mathrm{~m}$ of the highest structure in the...
The following information relates to the 2017 debt and equity investment transactions of Wildcat Ltd., a publicly accountable Canadian corporation. All of the investments were acquired for trading...
1. Find the focal length of a convex mirror of radius of curvature 1m. 2. Focal length of a convex mirror is 50 cm. What is its radius of curvature? 3. Radius of curvature of a concave mirror is 25...
Kat Ltd.s September balance sheet contains the following information: Cash.............................................................................$ 37,500 (dr) Accounts...
Which of the following is not a component of internal control? a. Environmental assessment b. Control activities c. Information and communication d. Monitoring activities
Which of the following internal control principles underlies the requirement that all customers be given a sales receipt? a. Segregate duties b. Establish responsibility c. Restrict access d....
Quenton received a proportionate nonliquidating distribution of $8,000 cash, inventory with a $5,000 basis and a fair market value of $7,000, and a Section 1231 asset with a $7,000 basis and a fair...
Andrew and Helena Smith have moved to Canada recently and have secure jobs that provide a defined benefit pension plan.They are 40 years old and want to retire at age 60 if they can. At age 60, the...
Resumes generated Interview offers accepted Yield ratio (1) Applicants judged acceptable Accept employment offers Yield ratio (2) Cumulative yield ratio Cost Cost per hire Local university 200 175...
We buy products and services from strangers in stores and on the web. We do banking and investing online without seeing or knowing the physical location of the company we deal with and as a result we...
The following data are provided: Cash Accounts receivable (net) Inventories Plant assets (net) Accounts payable Income taxes payable Bonds payable 10% Preferred stock, $50 par Common stock, $10 par...
Summarise the construction of the drainage pipeline system in plumbing and the methods of pipe design. Exemplify plumbing apparatus and various fixtures used in home plumbing system. Technical report...
According to the final result in Exercise 2(b), sin(z + z2) = sin z cos z2 + cos z sin z2. By differentiating each side here with respect to z and then setting z = z1, derive the expression cos(z1 +...
Use the T account for Cash below to record the portion of each of the following transactions, if any that affect cash. How do these transactions affect the companys liquidity? Jan. 2 Provided...
For each of the following items in Time Warner Cable, Inc. s financial statements, indicate (1) whether it is reported in the income statement (I/ S) or balance sheet (B/ S) and (2) whether it is an...
Expedia and Priceline compete as online travel agencies. Historically, Expedia has focused more on flights whereas Priceline has focused on hotel bookings. The following amounts were reported by the...
Kijijo Auctions runs an online auction company. Its end- of- year financial statements indicate the following results. Calculate the companys net profit margin expressed as a percent (to one decimal...
In the diagram shown to the right, there are two similar triangles. Find the unknown measurement. C= (Simplify your answer.) 90 40 50
2 1. Let I = S 1 + exc - - ex -dx. 1+ ex 0
The accompanying tree diagram represents an experiment consisting of two trials. Use the diagram to find the given probability. P(Cn E) E 0.8 A 0.2 0.2 EC 0.5 E 0.5 B 0.5 EE EC 0.3 0.3 C 0.7 E

Which of the following does not enhance internal control? a. Assigning different duties to different employees b.

Question:

Step by Step Answer:

Assigning different duties to different employees would enh...View the full answer

Fundamentals Of Financial Accounting

Students also viewed these Business questions