Which Internal Control Principle Prescribes the Use of Pre-Numbered Printed

question 50

Multiple Choice

Which internal control principle prescribes the use of pre-numbered printed checks?

• A)Technological controls.
• B)Maintain adequate records.
• C)Perform regular and independent reviews.
• D)Establish responsibilities.
• E)Divide responsibility for related transactions.

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Definitions:

501(c)(4)s

Social welfare organizations recognized under the U.S. Internal Revenue Code, able to engage in political activities as long as it is not their primary activity.

PACs

Political Action Committees (PACs) are organizations that collect funds to donate to electoral campaigns, supporting candidates or legislations.

Political Parties

Organized groups of people with similar political aims and opinions, seeking to influence public policy by getting their candidates elected to public office.

Party Systems

The system of political parties operating within a country, defined by their number, organization, and competition dynamics.