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 44 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

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t
Internal Heart Anatomy Internal Heart Anatomy
Ergonomically correct desk, chair, and keyboard. Ergonomically correct desk, chair, and keyboard.
Is my concept map correct? (Grade 12 Bio) Is my concept map correct? (Grade 12 Bio)
bird internal bird internal
Bacteria with Internal Membranes Bacteria with Internal Membranes
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library