Define legal detriment
Legal detriment means 1. doing (or undertaking to do) that which the promisee was under no prior legal obligation to do or 2. refraining from doing (or undertaking to refrain from doing) that which he was previously under no legal obligation to refrain from doing.
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Audit objectives for communications controls include all of the following except
a. detection and correction of message loss due to equipment failure b. prevention and detection of illegal access to communication channels c. procedures that render intercepted messages useless d. all of the above
Data mining
a. is packaged software. b. is a method of examining processes. c. uses statistical techniques to solve problems. d. is a way to downsize.
Which of the following is NOT one of the nine cultural dimensions comprising the GLOBE model?
A) Performance orientation B) Human orientation C) Unassertiveness D) Uncertainty avoidance
QUARTERLY TASKS: Verify the A/R, Inventory & A/P subsidiary ledger balances agree with the trial balance; document this in your Word document of March questions.
Example: Show the comparison by using snips of the reports**, this will prepare you for more detail comparisons with payroll reports in July. **QuickBooks has many reports; review the variety of reports in the different areas, e.g., Company & Financial, Customers & Receivables… As measures of internal control: a) “Print” (create PDF or Excel) report of quarterly numerically sorted invoices from the Customer Center/Transactions/Invoice (see bottom of QuickBooks screen for report) to ensure all invoices accounted for. b) “Print” quarterly check detail report for Dave’s review for reasonableness of payees and amounts, Dave initials report (hint: export to Excel to enter initials or PDF and enter text).