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 40 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
Gracias!

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

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 people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

The internal structures of the outer, middle, and inner ear. The internal structures of the outer, middle, and inner ear.
The internal anatomy of the kidney. The internal anatomy of the kidney.
Internal structures of main sequence stars, convection zones with arrowed cycles and radiative zones Internal structures of main sequence stars, convection zones with arrowed cycles and radiative zones
Which of the following statements is true of linkage? Which of the following statements is true of linkage?
Internal and External Loci of Control Internal and External Loci of Control
Internal and external forces on the parties Internal and external forces on the parties
Video: Attention Deficit Disorder (ADD)

For a complete list of videos, visit our video library