Which of the following is not an internal control the auditor would expect to find in place for all cash processing systems?
a. Restrictive endorsement of checks.
b. Independent reconciliation.
c. Walkthrough.
d. Prenumbered cash receipt documents.
c
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What will be an ideal response?
If an employee does not want to write comments on the performance evaluation form the supervisor should
a. Force the employee to write their ideas b. Withhold the employee's pay increase c. Encourage the employee to express himself/herself and his/her viewpoints d. Fire the employee
A trade discount is the price producers set to draw the public's attention to new products.
Answer the following statement true (T) or false (F)
Which of the following is not a question for the Blanchard/Peale test for ethical behavior? A) Is it legal?
B) Does it follow industry code? C) Is it balanced? D) How does it make me feel?