Which of the Following Is Not a Possible Control Activity

14 of the following is not one of the specific control activities that are. The policies and procedures that help ensu re that necessary actions are taken in order to achieve the.

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Surprise audits of cash on hand should be made occasionally.

. Consideration should be given to the following. Which of the following is not one of the specific control activities that are relevant to financial statement audit. While the policy cited in the control may specify control activities that do restrict logical access the policy itself does not control logical access.

A negative result with a positive control is required to validate the test. Good cash management practices dictate that a company should maintain as large a balance as possible in its cash account. With a positive control a positive result is expected c.

Which of the following is not generally an internal control activity. Segregation of duties d. Which of the following is not one of the five components of internal control.

Which of the following is not an internal control procedure for the control of cash receipts. Carried out are referred to as the. The policies and procedures that help ensure that management directives are carried out are referred to as the.

With a negative control a negative result is expected b. All of these activities are normally implemented. Which one of the following is not a control activity implemented in most accounting systems.

Implement separation of duties. Which of the following best describes the purpose of the control activities. Authorizations within access provisioning process removing access for terminated employees or contractors periodic access reviews.

All of these activities are normally implemented. All cash receipts should be recorded promptly. Relevant to financial statement audit.

Competent trustworthy employees c. Monitoring of controls d. All employees fit into the organizational picture of internal control whether or not their job responsibilities are directly related to these example activities.

The actions policies and procedures that reflect the overall attitudes of the management b. Which of the following is not an internal control activity for cash. Key Internal Control Activities.

Segregation of duties b. When designing and implementing control activities management should aim to get the maximum benefit at the lowest possible cost. Which one of the following is not a control activity implemented in most accounting systems.

The number of persons who have access to cash should be limited. The following internal control activities can be found in the workplace. Basic internal control methods are.

O Assign each task to only one person. The cost of the control activity should not exceed the cost that would be incurred by the agency if the undesirable event occurred. O Establish organizational structure.

A positive result with a negative control could mean that a contamination substance is present d. There is one and only one social responsibility of businessto use its resources and engage in activities designed to increase its profits so long as. Which of the following is not true of controls.

Monitoring of controls d. 7 - Internal Control. Chapter 7 possible questions.

The identification and analysis of risks and relevant to the preparation of the financial statements c. Limiting access to computerized accounting records. Implement Control Activities Control activities are the policies and procedures put into place to run operations accomplish goals and prevent fraud.

Some possible controls that could be used to restrict logical access would include. The functions of record keeping and maintaining custody of cash should be combined.

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