Question: Control activities can be grouped as preventive controls and detective controls. Which of the following is a detective control? System of authorizations Segregation of duties

Control activities can be grouped as preventive controls and detective controls. Which of the following is a detective control?
System of authorizations
Segregation of duties
Independent checks
Physical safeguards
Control activities can be grouped as preventive

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Towerton Financial Services13 Towerton Financial Services, a brokerage firm, started with a focus on stock trading and mutual funds. As the business grew, Towerton diversified into two new product...

Q:

____ 25. Customer fraud includes all of the following EXCEPT: a. Get something for nothing. d. Deceive organization into giving them something they should not. b. Do not pay for goods purchased. e....

Q:

1) One of the most important responsibilities of an employer is the hiring and retention of employees. Which of the following situations reflects the current market scenario? a. High turnover, low...

Q:

QUESTION 19 Control activities can be grouped as preventive controls and detective controls. Which of the following is a detective control? a. System of authorizations b. Segregation of duties c...

Q:

Control activities can be grouped as preventive controls and detective controls. Which of the following is a detective control? A . System of authorizations B . Segregation of duties C . Independent...

Q:

Control activities can be grouped as preventive controls and detective controls. Which of the following is a detective control? Group of answer choices a . System of authorizations b . Segregation of...

Q:

For the following terms find the correct definition below. Each definition is used only once there are two terms that are not used. Managing an organization in a fair, transparent and accountable...

Q:

Which of the following statements regarding a system of internal control is false? a. Effective internal control systems provide complete assurance against the occurrence of material frauds and...

Q:

Which of the following statements regarding a system of internal control is false? a. Effective internal control systems provide complete assurance against the occurrence of material frauds and...

Q:

Need help with 30 multiple choice auditing questions Audit: Exam 1 1. Which of the following procedures would an auditor likely include in the initial planning of a financial statement audit? a....

Q:

Multiple Choice questions 1. What is the primary role of internal controls in managing a business? a. To prevent cash from being stolen. b. To constrain subordinates activities in order to prevent...

Q:

2n +1 6. Consider the sequence n n=1 (a) (6 points) Prove that the sequence is bounded below by 1. (b) (6 points) Prove that the sequence is strictly monotonically decreasing, that is 2m +1 2n +1...

Q:

You are considering a 10-year, $1,000 par value bond. Its coupon rate is 9%, and interest is paid semiannually. If you require an effective annual interest rate (not a nominal rate) of 8.16%, how...

Q:

Which of the following is always considered ordinary income, no matter how long the holding period? Virtual currency Gain on the sale of a personal residence Gifts Section 1 2 4 5 depreciation...

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....