Which of the following is an attribute of the internal control procedure—competent, reliable, and ethical personnel?
A) providing cross training to allow sales personnel to record revenue transactions
B) the need to train and supervise employees
C) monitoring of internal controls by external auditors
D) purchase of burglar alarms
B
You might also like to view...
The Federal Insurance Contributions Act (FICA) requires that each employer file a:
A. Form 941. B. Form 1099. C. Form 1040. D. W-4. E. W-2.
Which of the following would be a quantitative way to ascertain the fairness of an LBO's asking price?
A. Book value B. Price-earnings ratio C. Present value of future earnings D. All of the answers are correct.
A debtor who makes a part payment of the debt before the due date is still liable for the balance if there is no dispute over the debt
Indicate whether the statement is true or false
An express condition is usually preceded by such words as:
A) if. B) because. C) how. D) All of these.