Choose the Proper Category of Internal Control Activities That Best

question 104

Multiple Choice

Choose the proper category of internal control activities that best matches the following actions. Each action should be matched with a different numbered item within the internal controls list.
-Safeguards over assets and records

• A)One employee or department should verify the work of another.
• B)Specific approval is given by management for the performance of activities.
• C)Accounting and cash collections should be properly separated.
• D)Blank checks should be stored in a locked location.
• E)Initial entry into the accounting system should be from a consistent source with complete information.

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Definitions:

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Case Study

A research method involving an up-close, in-depth, and detailed examination of a particular case within a real-world context.

Reliable

The quality of being consistently good in performance, accuracy, or dependability.

Responses

Reactions to a stimulus or a series of events.