Match the following elements of internal control:
-Control procedures
A) Provides reasonable assurance that business goals will be achieved
B) Used by management for guiding operations and ensuring compliance with requirements
C) Overall attitude of management and employees
D) Used to locate weaknesses and improve controls
E) Identify, analyze, and assess likeliness of vulnerabilities
Correct Answer:
Verified
Q116: Cash equivalents
A) are illegal in some states
B)
Q117: Match the following elements of internal control:
-Control
Q118: A $200 petty cash fund has cash
Q119: The debit recorded in the journal to
Q120: A $135 petty cash fund has cash
Q122: Match the following elements of internal control:
-Information
Q123: Match each item to a bank statement
Q124: Match each item to a bank statement
Q126: Match each item to a bank statement
Q138: Match each item to a bank statement
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