Maximum Benefit from Independent Internal Verification Is Obtained When

question 136

Multiple Choice

Maximum benefit from independent internal verification is obtained when

• A) it is made on a pre-announced basis.
• B) it is done by the employee possessing custody of the asset.
• C) discrepancies are reported to management.
• D) it is done at the time of the audit.

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Definitions:

Function

In a general context, refers to the purpose, role, or activity that something is designed or used for.

Two-Factor Theory

A psychological theory that proposes human emotions are comprised of two components: physical arousal and a cognitive label of that arousal.

Social Standing

The position or rank of a person or group within the social hierarchy.

Experience of Anger

The subjective feeling and emotional response characterized by antagonism toward someone or something perceived to have deliberately done wrong.