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Author Question: Of the following statements about internal controls, which one isleastlikely to be correct? (Read 42 times)

Ethanolson3

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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
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Marked as best answer by Ethanolson3 on Aug 21, 2022

ryanb

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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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Ethanolson3

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

AngeliqueG

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Reply 3 on: Yesterday
Excellent

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