Proper segregation of functional responsibilities calls for separation of the functions of:
A) authorisation, payment and recording.
B) authorisation, recording and custody.
C) custody, execution and reporting.
D) authorisation, execution and payment.
Correct Answer:
Verified
Q8: An internal control dictates that prices on
Q9: If evidence was obtained in the prior
Q10: Tests of controls are conducted when:
A) control
Q11: The auditor need NOT be concerned with
Q12: Which of the following is NOT typically
Q14: A system of internal accounting control normally
Q15: Often, for efficiency, the auditor will ignore
Q16: Monitoring activities in an internal control structure
Q17: The auditor considers internal control by 4
Q18: A transaction walk- through involves:
A) reviewing the
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