Which of the following is not a feature of an internal control system?
A) Separation of duties so that fraud or theft requires collusion
B) Establishing clear lines of authority and responsibility
C) Using unnumbered receipts and purchase orders
D) Implementing physical controls such as locking cash in a safe
Correct Answer:
Verified
Q8: The following are strong control measures over
Q9: Which of the following statements concerning internal
Q10: Which of the following is not a
Q12: A business's administrative controls are concerned with
A)
Q14: Accounting controls are designed to:
A) eliminate collusion
B)
Q16: The following are features of an internal
Q17: To have a strong internal control system,
Q18: The following are strong internal control measures
Q22: Which of the following is an internal
Q26: Which of the following is not one
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