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:

Emerge

To come into view, become apparent or known, especially after being hidden or unknown.

Newborn

An infant in its very first weeks of life, especially before they are one month old.

Distress

A state of emotional, mental, or physical strain or tension resulting from adverse or demanding circumstances.

Neglectful

Failing to provide adequate attention, care, or support, often resulting in harm or detriment to the well-being of others.