Which of the Following Is NOT an Element of Internal

question 55

Multiple Choice

Which of the following is NOT an element of internal control over financial reporting?

• A) Maintaining accurate financial records
• B) Providing reasonable assurance that receipts and expenditures are recorded based on proper authorization by management
• C) Developing a code of conduct and whistle-blowing procedures
• D) Providing reasonable assurance that the financial statements are prepared in accordance with generally accepted accounting principles

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Definitions:

Humanistic Psychology

is an approach within psychology that emphasizes individual potential and stresses the importance of growth and self-actualization.

Positive Self-Concept

An individual's perception of themselves in a positive light, encompassing self-esteem, self-worth, and self-image.

Self-Actualization

The accomplishment or realization of personal talents and possibilities, regarded as an essential urge or demand in every person.

Abraham Maslow

A psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.