According to SAS 78/COSO, the proper segregation of functions is an effective internal control procedure. Comment on
Question:
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
If a payroll employee were to prepare a paycheck for a nonexistent emplo...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Comment on the exposure (if any) caused by combining the tasks of paycheck preparation and distribution to employees.
-
According to COSO, the proper segregation of functions is an effective internal control procedure. Comment on the exposure (if any) caused by combining the tasks of paycheck preparation and...
-
COSO developed two frameworks: the COSO Internal Control framework 2.0 and the COSO ERM framework. Why did COSO develop the ERM framework? What are the differences between the two frameworks?
-
Find f x (x, y) and f y (x, y). f(x, y) = 2x + 5y 3x + y
-
An ideal solenoid has length . If the windings are compressed so that the length of the solenoid is reduced to 0.50, what happens to the inductance of the solenoid?
-
Table 5.5 shows a small set of predictive model validation results for a classification model, with both actual values and propensities. a. Calculate error rates, sensitivity and specificity using...
-
A cloth manufacturer finds that 1 in every 400 shirts produced is faded. Find the probability that (a) the first faded shirt is the eighth item produced, (b) the first faded shirt is the first,...
-
Trish Craig and Ted Smith have a partnership and share income and losses in a 3:1 ratio. They decide to liquidate their partnership on December 31, 2014, when the balance sheet shows the following:...
-
4. Write the definitions for engineering stress, true stress, engineering strain, and true strain for loading along a single axis. A commercially pure copper wire originally 10.00 m long is pulled...
-
15. A reheat-regenerative engine receives steam at 207 bar and 593C, expanding it to 38.6 bar, 343C. At this point, the steam passes through a reheater and reenters the turbine at 34.5 bar, 593C,...
-
An organizations internal audit department is usually considered an effective control mechanism for evaluating the organizations internal control structure. The Birth Companys internal auditing...
-
Explain the five conditions necessary for an act to be considered fraudulent.
-
Consider each of the following errors individually, and indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance...
-
The statement of cash flows reports three types of cash flow activities. Explain the purpose of each of the following activities or sections in the statement of cash flows and how each of them...
-
Match the terms with their correct definition. Terms 1. Accounts receivable 2. Other receivables 3. Debtor 4. Notes receivable 5. Maturity date 6. Creditor Definitions a. The party to a credit...
-
Cash flow items must be categorized into one of four categories. Identify each item as operating (O), investing (I), financing (F), or non-cash (N). If reported on the statement of cash flows, decide...
-
The following transactions of Plymouth Pharmacies occurred during 2023 and 2024: Journalize the transactions in Plymouths general journal. Explanations are not required. Round to the nearest dollar....
-
Maxwell Furniture Center had accounts receivable of $20,000 at the beginning of the year and $54,000 at year-end. Revenue for the year totaled $116,000. How much cash did the business collect from...
-
What is the OSI security architecture?
-
Design and describe an application-level protocol to be used between an automatic teller machine and a bank's centralized computer. Your protocol should allow a user 's card and password to be...
-
Refer to the data set pit.csv. Find a confidence interval of the specified level for the mean depth of pits for the following durations and humidity levels. When the sample size is 30 or less,...
-
What is data independence? Why is it important in a comparison of application and database approaches to storing data?
-
What is data independence? Why is it important in a comparison of application and database approaches to storing data?
-
What is data independence? Why is it important in a comparison of application and database approaches to storing data?
-
The Power of Trade and Comparative Advantage: Work It Out 3 ? Here's another specialization and exchange problem. This problem is wholly made-up, ? so that you won't be able to use your intuition...
-
Government spending as a fiscal policy tool is used to: A) ?Decrease the national debt B) ?Directly stimulate economic activity by increasing demand C) ?Reduce inflation D) ?Lower interest rates
-
Automobile demand has fallen during a recent recession, and Ana has been laid off from her job on the assembly line. Rajiv recently lost his job as a waiter at a local restaurant. A recent increase...
Study smarter with the SolutionInn App