In testing controls over cash disbursements, an auditor most likely would determine that the person who signs the checks also
A. Reviews the monthly bank reconciliation.
B. Returns the checks to accounts payable.
C. Is denied access to the supporting documents.
D. Is responsible for mailing the checks.
D. Is responsible for mailing the checks.
You might also like to view...
Management can take deliberate steps to produce a financial statement that presents a better current ratio at the balance sheet date than the average, or normal, current ratio during the rest of the year. Analysts refer to such actions as window dressing:
a. near the end of its accounting period a firm might delay normal purchases on account. b. hasten the collections of a loan receivable, classified as noncurrent assets, and use the proceeds to reduce current liabilities. c. near the end of its accounting period a firm might accelerate normal purchases on account. d. hasten the collections of a loan receivable, classified as current assets, and use the proceeds to reduce long-term liabilities. e. choices a and b.
Inventory turnover measured annually is the ______.
A. ratio of annual average inventory investment to annual cost of goods sold B. ratio of annual cost of goods sold to annual average inventory investment C. product of annual average inventory investment and annual cost of goods sold D. product of annual cost of goods sold and annual average inventory investment
A petty offense is
a. punishable by a year in jail. b. one that results in a permanent criminal record. c. not considered to be a criminal act. d. none of these.
Skylar, a researcher at BSI, a pharmaceutical company, was harassed by his supervisor, Giselle. Giselle followed him to bars, to his home, and threatened to discredit his science if he rebuffed her advances or complained to management. Providing that Skylar has suffered no tangible adverse employment action, what defense may BSI establish to avoid liability in a Title VII claim?
a. That the employer exercised reasonable care in order to prevent and promptly correct any sexually harassing behavior. b. That the employee unreasonably failed to take advantage of any preventative or corrective opportunities provided by the employer or otherwise failed to avoid the harm. c. Both of the above d. Neither of the above