This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Of the following statements about internal controls, which one isleastlikely to be correct? (Read 18 times)

Ethanolson3

  • Full Member
  • ***
  • Posts: 146
on: Aug 21, 2022
Of the following statements about internal controls, which one is least likely to be correct?
◦ No one person should be responsible for the custodial responsibility and the recording responsibility for an asset.
◦ Transactions must be properly authorized before such transactions are processed.
◦ Because of the cost-benefit relationship, a client may apply controls on a test basis.
◦ Control procedures reasonably ensure that collusion among employees cannot occur.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Ethanolson3 on Aug 21, 2022

ryanb

  • Full Member
  • ***
  • Posts: 164
Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 59% of students answer this correctly


Ethanolson3

  • Member
  • Posts: 146
Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

The internal organization of cells, tissues, organs, and organ systems in a mammal. The internal organization of cells, tissues, organs, and organ systems in a mammal.
Internal structures at the front of the eye. Internal structures at the front of the eye.
Internal and External Environment Internal and External Environment
Palpation of internal carotid artery Palpation of internal carotid artery
The internal and external anatomy of the kidney. The internal and external anatomy of the kidney.
An IAC controls idle speed by controlling the amount of air that passes around the throttle plate. ... An IAC controls idle speed by controlling the amount of air that passes around the throttle plate. ...
Video: Cardiac Cycle (Part 4 of 4)

For a complete list of videos, visit our video library