Question 26

A:

Select the partial listing that best describes the proper order of various steps in the expenditure cycle.

Group of answer choices

Order the goods, Approve vendor invoice, Count and insect the goods

Check customer credit, obtain the customer order, bill the customer

Order the goods, Count and inspect the goods, Approve vendor invoice

Order the goods, Inspect the goods, Prepare the invoice

B:

The principle of identifying and assessing changes that could significantly impact the system of internal control belongs to which of the COSO's Internal Control Model's component?

Group of answer choices

Monitoring

Control environment.

Risk assessment.

Information and communication.

Control activities.

C:

In a relational database designed according to the REA model, where is information about transactions stored?

Group of answer choices

All of the choices can store information about transactions.

Resource entities.

Agent entities.

Event entities.