Which of the following observations is true?
a. The effectiveness of an ideal control system should be independent of the people enforcing it.
b. No internal control structure can ever be completely effective, regardless of the care followed in its design and implementation.
c. A control system by itself can provide assurance that fraud will be prevented.
d. The type of control activities include reactive controls and proactive controls.
b
FEEDBACK: a. Incorrect.
b. Correct.
c. Incorrect.
d. Incorrect.
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In a criminal case, the accused is presumed innocent until proven guilty:
a. by a preponderance of the evidence. b. by clear and convincing evidence. c. beyond a reasonable doubt. d. by a preponderance of the evidence for some offences and beyond a reasonable doubt for others.
Internal Revenue Code Section 61 provides an inclusive list of all possible items taxed under the Code.
Answer the following statement true (T) or false (F)
A court can exercise jurisdiction over a corporation if the court is located in:
a. the state in which the corporation was incorporated b. the state where the corporation has its main plant c. a state in which the corporation is doing business d. none of the three specific choices are correct e. any of the three specific choices are correct
Payment of overtime to a worker in order to relax a production constraint could increase the profits of a company.
Answer the following statement true (T) or false (F)