Which of the Following Represents a Residual Risk for a Services

question 59

Multiple Choice

Which of the following represents a residual risk for a services company?

• A)Two employees are colluding to facilitate theft.
• B)All checks require two signatures.
• C)Bank accounts are reconciled weekly.
• D)A manager reviews all account reconciliations.

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Definitions:

Total Population

The entirety of individuals living in a specific area or country at a given time.

Owned Slaves

Refers to individuals or entities that held ownership over other human beings as property, typically in the context of historical slavery practices.

Importation

The act of bringing goods or commodities into one country from another, often for trading purposes.

Slaveholders

Individuals or entities that owned slaves, particularly common in historical contexts such as the American South prior to the Civil War.