Which of the following represents an application control for a customer sale? Multiple Choice The customer name must be populated. Accounts are reconciled. A manager reviews all return transactions. Procedures are documented. Which of the following represents a residual risk for a services company? Multiple Choice Two employees are colluding to facilitate theft. All checks require two signatures. Bank accounts are reconciled weekly. A manager reviews all account reconciliations. Which of the following represents an inherent risk for a financial institution? Multiple Choice Bank reconciliations are not performed on a timely basis. The economy goes into a recession. Customer credit check not performed. An error occurs in a loan loss calculation. Which of the following represents a control risk for a retail business? Multiple Choice Bank reconciliations are not performed on a timely basis. Two employees are colluding to facilitate theft. There are many competitors in the region. A bank reconciliation is not performed correctly. Which of the following represents an application control for a customer sale? Multiple Choice The customer name must be populated. Accounts are reconciled. A manager reviews all return transactions. Procedures are documented. Which of the following represents a residual risk for a services company? Multiple Choice Two employees are colluding to facilitate theft. All checks require two signatures. Bank accounts are reconciled weekly. A manager reviews all account reconciliations. Which of the following represents an inherent risk for a financial institution? Multiple Choice Bank reconciliations are not performed on a timely basis. The economy goes into a recession. Customer credit check not performed. An error occurs in a loan loss calculation. Which of the following represents a control risk for a retail business? Multiple Choice Bank reconciliations are not performed on a timely basis. Two employees are colluding to facilitate theft. There are many competitors in the region. A bank reconciliation is not performed correctly