Question: Select the term for each closest definition ( or portion of a definition ) in the first column. Each term may be used only once

Select the term for each closest definition (or portion of a definition) in the first column. Each term may be used only once or not at all.
Note: Select "NA" if there is no term for the "Definition (or Portion)".
1. A control that functions together with another control to achieve the same control objective.2. A procedure in which an auditor follows a transaction from origination through the company's processes, including information systems, until it is reflected in the company's financial records.3. A control established to remedy misstatements that are discovered by a detective control.4. A deficiency in internal control that is less severe than a material weakness, but more severe than a significant deficiency.5. A deficiency in internal control such that there is a reasonable possibility that a material misstatement will not be prevented or detected on a timely basis.6. The sequence of procedures applied by the client in processing a particular type of recurring transaction.
Compensating control
Complementary control
Corrective control
Deficiency in internal control
Material weakness in internal control
NA
Transaction cycle
Walk-through

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!