When a firm uses internal auditors,it is adhering to which of the following internal control elements?
A) Risk assessment
B) Proofs and security measures
C) Monitoring
D) Separating responsibilities for related operations
Correct Answer:
Verified
Q62: On the bank's accounting records,customers' accounts are
Q63: Receipts from cash sales of $7,500 were
Q64: Employing internal auditors is part of which
Q65: Separating the custody of assets from accounting
Q67: Which of the following is NOT defined
Q67: A voucher:
A)is received from customers to explain
Q69: A check drawn by a depositor for
Q70: EFT
A) means Efficient Funds Transfer
B) can process
Q70: An element of internal control is
A)generally accepted
Q71: Accompanying the bank statement was a debit
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