A Good Description of Source Inspection Is Inspecting

question 162

Multiple Choice

A good description of source inspection is inspecting:

• A) materials upon delivery by the supplier.
• B) the goods at the production facility before they reach the customer.
• C) the design specifications.
• D) goods at the supplier's plant.
• E) one's own work.

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Definitions:

Control Procedure

A set of standardized practices and procedures implemented by a business to ensure accuracy and integrity in its financial and operational activities.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 that aims to protect investors by making corporate disclosures more reliable and accurate through the establishment of new or enhanced standards for all U.S. public company boards, management, and public accounting firms.

Internal Control Procedures

These are policies and procedures implemented by a business to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Public Companies

Companies that issue publicly traded debt or equity securities.