Why would an organization require the paymaster to deliver all unclaimed paychecks to the internal audit department?
a. to detect a "phantom employee" for whom a check was produced
b. to prevent an absent employee's check from being lost
c. to avoid paying absent employees for payday
d. to prevent the paymaster from cashing unclaimed checks
A
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The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. The clerk in the accounting department records both purchases and payments of invoices
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
Answer the following statements true (T) or false (F)
1.Anyone can be creative. 2.Any form of action that leads to results that are novel, useful, and predictable” is one of many definitions of creativity. 3.Creative people probably will be creative wherever they are situated. 4.According to the behavioral view of creativity, creativity is what the person is rather than something a person does. 5.When creativity is defined as a process, it is a highly complex phenomenon involving multiple phases and stages.
Law firms should rely of technology experts rather than learning about technology used by their clients
Indicate whether the statement is true or false
Return on investment (ROI) is a very popular measure employed to evaluate the performance of corporate segments because it incorporates all of the major ingredients of profitability (revenue, cost, investment) into a single measure. Under which one of the following combinations of actions regarding a segment's revenues, costs, and investment would a segment's ROI always increase? (CIA adapted) SalesEquipmentInvestmentA.IncreaseDecreaseIncreaseB.DecreaseDecreaseDecreaseC.IncreaseIncreaseIncreaseD.IncreaseDecreaseDecrease
A. Option A B. Option B C. Option C D. Option D