Many Clients Build in Redundant Controls _______

question 83

Multiple Choice

Many clients build in redundant controls _______.

• A)so if one control does not find a misstatement, another control will detect the problem
• B)so if one control does not find a misstatement, another control will also not detect the problem
• C)to increase automation and reduce human error
• D)due to their large size and lack of communication across the organization

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Definitions:

Unadjusted Trial Balance

A listing of all the accounts and their balances from the ledger, before any adjusting entries are made for preparing financial statements.

End-of-period Spreadsheets

Summarizing documents prepared at the end of an accounting period that compile balances from ledgers for financial reporting.

Accounting Records

Documents that track and record the financial transactions and activities of an entity, used for auditing and financial analysis.

Supplies on Hand

The current inventory of consumable items or materials available for use by a business.