Which of the following would be the best example of a monitoring control for a chain of restaurants?
A) Each restaurant manager reconciles the cash received with the food orders recorded on the computer.
B) All food orders must be entered through the computer, and there is segregation of duties between the food servers and the cooks.
C) Corporate management prepares a detailed analysis of gross margin per restaurant and investigates those showing a significantly lower gross margin.
D) Proof of bank deposit is transmitted to corporate headquarters on a daily basis.
Correct Answer:
Verified
Q106: Which of the following elements is important
Q107: When developing an effective risk-based plan to
Q108: Which aspect of the audit function would
Q109: Which of the following processes or tools
Q110: According to the International Professional Practices Framework,
Q112: The percentage of orders that are rush
Q113: The first stage in the development of
Q114: It is important for a chief audit
Q115: When planning an audit engagement, what should
Q116: A company's chief audit executive determines that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents