As a form of internal control, "adequate supervision" is useful in: (i) the human resource process, (ii) the financing process, (iii) the conversion process.

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Quizplus · Accepted Answer

Adequate supervision is useful in all three processes mentioned, i.e. human resource, financing, and conversion processes, as it helps in ensuring that all the operations are performed in compliance with the established policies and procedures. In the human resource process, adequate supervision helps in monitoring the employees' performance and ensuring that they follow the company's code of ethics. In the financing process, adequate supervision helps in detecting and preventing fraud or misappropriation of funds. In the conversion process, adequate supervision helps in ensuring that the production process is carried out efficiently, and there is no waste of resources. Therefore, option D, i.e. i, ii, and iii, is the best choice.

As a Form of Internal Control, "Adequate Supervision" Is Useful