Which of the Following Is One of the Key Controls

question 7

Multiple Choice

Which of the following is one of the key controls that are often found in the purchaser's Evaluated Receipts Settlement (ERS) system for cash disbursements, categorized by relevant assertion?

• A)Completeness of cash disbursements
• B)Cash payments
• C)Evaluation of Receipts Settlement
• D)Evaluation of Receipts Statement

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Definitions:

Qualitative

Pertaining to descriptions or distinctions based on some quality or characteristic rather than on some quantity or measured value.

Numerical Terms

Mathematical expressions or figures used to describe quantity, order, or relationships between amounts in data or calculations.

Sensitive

Quick to detect or respond to slight changes, signals, or influences.

Sunk Cost

A cost that has already been incurred and cannot be recovered.