Which of the following is a preventive control? a. Reconciliation of a bank account. b. Recalculation of
Question:
a. Reconciliation of a bank account.
b. Recalculation of a sample of payroll entries by internal auditors.
c. Separation of duties between the payroll and personnel departments.
d. Detailed fluctuation analysis completed by the CFO for revenue.
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Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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