Which of the Following Is NOT a Possible Control Activity

question 48

Multiple Choice

Which of the following is NOT a possible control activity?

• A) Having separate authorization, bookkeeping, and custody functions.
• B) Protecting access to important information with a password.
• C) Requiring two individuals to work on the same task.
• D) Supervisory review of each task completed by employees.

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Definitions:

Identifiable

Capable of being recognized and distinguished from others, often used in accounting and finance to describe assets that can be attributed to a particular entity.

Cash Flows

The inflows and outflows of cash and cash equivalents, representing the operating, investing, and financing activities of a business.

Operating Activities

Transactions and events related to the primary activities of a business, such as selling products or services, that affect the operational cash flow.

Cash Flow Statement

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financial activities.