Which control is not associated with new systems development activities?
a. reconciling program version numbers
b. program testing
c. user involvement
d. internal audit participation
A
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Which of the following is an example of inspection of documentation?
a. Review shipping documents. b. Estimate the expected amount of interest income. c. Observe controls. d. Recalculate the total amount include on a sales invoice.
A company with assets and operations in more than one country and that concentrates on penetrating multiple countries with a minimally customized marketing mix is referred to as a(n) ________ company
A) international B) outsourced C) offshored D) multinational E) global
The direct write-off method
a. recognizes losses from uncollectible accounts in the period when a firm decides that specific customers' accounts are uncollectible. b. does not usually recognize the loss from uncollectible accounts in the period in which the sale occurs and the firm recognizes revenue. c. provides firms with an opportunity to manage earnings each period by deciding when particular customers' accounts become uncollectible. d. all of the above. e. none of the above.
The profit and loss (income) statement is compiled on a cash basis
Indicate whether the statement is true or false