The PCAOB's AS No

question 32

Multiple Choice

The PCAOB's AS No.5 states that internal controls may be preventive or detective. Which of the following controls is preventive?

• A)Requiring two persons to open mail containing payments.
• B)Reconciling the accounts receivable subsidiary file with the control account.
• C)Using batch totals.
• D)Preparing bank reconciliations.

---

Definitions:

Myth

A traditional story, often involving supernatural beings or phenomena, that serves to explain a practice, belief, or natural occurrence.

Child Development

The physical, cognitive, emotional, and social growth that occurs from birth through late adolescence.

Benefits Of Child Care

Positive effects or outcomes associated with the provision of quality child care, including developmental, educational, and social advantages for children.

Invoice

A document issued by a seller to a buyer, detailing products or services provided, quantities, prices, and payment terms.