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Author Question: Which of the following best describes the purpose of control activities? (Read 56 times)

Darron12

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on: Aug 21, 2022

Question 1

Which of the following best describes an entity's accounting information and communication system?
◦
Monitor 
transactions		Record and 
process 
transactions		Initiate transactions
YesYesYes

◦
Monitor 
transactions		Record and 
process 
transactions		Initiate transactions
NoNoNo

◦
Monitor 
transactions		Record and 
process 
transactions		Initiate transactions
YesNoNo

◦
Monitor 
transactions		Record and 
process 
transactions		Initiate transactions
NoYesYes


Question 2

Which of the following best describes the purpose of control activities?
◦ the actions, policies and procedures that reflect the overall attitudes of management
◦ the identification and analysis of risks relevant to the preparation of financial statements
◦ the policies and procedures that help ensure that necessary actions are taken to address risks to the achievement of the entity's objectives
◦ activities that deal with the ongoing assessment of the quality of internal control by management
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Darron12 on Aug 21, 2022

mgranuc

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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.
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Darron12

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

at

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  • Posts: 359
Reply 3 on: Yesterday
Excellent

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