A System of Internal Accounting Control Normally Would Include Procedures

question 85

Multiple Choice

A system of internal accounting control normally would include procedures that are designed to provide reasonable assurance that:

• A) transactions are executed in accordance with management's general or specific authorisation.
• B) employees act with integrity when performing their assigned tasks.
• C) unusual transactions are accurately recorded.
• D) collusive activities would be detected by segregation of employee duties.

---

Definitions:

Benefit Corporation

A type of business structure that embeds social and environmental objectives into its charter in addition to profit-making goals.

Legal Goals

Objectives that laws and legal systems aim to achieve, such as justice, protection of rights, and maintenance of social order.

Positive Impact

The beneficial effect or outcome that positively affects a community, environment, or individual.

RMBCA

The Revised Model Business Corporation Act is a set of model laws prepared by the American Bar Association that provides a guideline for the governance of corporate affairs.