Which control does not help to ensure that accurate records are kept of customer accounts and inventory?
a. reconcile accounts receivable control to accounts receivable subsidiary
b. authorize credit
c. segregate custody of inventory from record keeping
d. segregate record keeping duties of general ledger from accounts receivable
B
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As a starting point for testing capital stock and equity transactions, which of the following should the auditor perform?
a. Trace the proceeds of stock sold to the cash receipts journal. b. Review the minutes of the board of directors meetings. c. Examine documentation maintained by the transfer agent. d. Review a copy of the client's articles of incorporation.
Understanding the impact of incentives on the actions of a supply chain partner is especially important when
A) there are two or more members in the supply chain. B) the third party's actions are not fully observable. C) more than two firms competing for the same pool of customers. D) the supply chain uses outsourcing.
Odell is a director of Price Rite, Inc. As a director, with respect to the corporation, Odell is
A. a fiduciary. B. a forum. C. a proxy. D. a quorum.
There is more than one way to calculate the ROE
Indicate whether the statement is true or false