Which of the following is an example of a control environment deficiency?
a. A low level of control consciousness within the organization.
b. An audit committee that does not have independent members.
c. An audit committee that is not viewed as the client of the external auditor.
d. All of the above.
c
You might also like to view...
An organization that supports start-up technology businesses by providing inexpensive office space, a variety of support services, and resources is called a(n) ________.
A. community development organization B. small business investment company C. LLC D. incubator
On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is:
A. Debit Bond Interest Expense $14,000; credit Cash $14,000. B. Debit Bond Interest Expense $28,000; credit Cash $28,000. C. Debit Bond Interest Expense $14,200; credit Cash $14,000; credit Discount on Bonds Payable $200. D. Debit Bond Interest Expense $14,000; debit Discount on Bonds Payable $200; credit Cash $14,200. E. Debit Bond Interest Expense $13,800; debit Discount on Bonds Payable $200; credit Cash $14,000.
Which of the following is a relation between the World Bank and the Global Environment Facility (GEF)?
A. The World Bank is responsible for managing the Trust Fund of the GEF. B. The World Bank determines what projects will be funded by the GEF. C. The GEF only funds nations that are members of the World Bank. D. The GEF is considered as the primary developmental arm of the World Bank.
Among Paula's responsibilities are identifying, developing, and tracking talented individuals so that they may eventually assume top-level positions within the firm. Paula is responsible for succession planning.
Answer the following statement true (T) or false (F)