An Example of Poor Internal Control Is

question 119

Multiple Choice

An example of poor internal control is

• A) The accountant should not have physical custody of the asset nor access to it.
• B) The custodian of an asset should not maintain or have access to the accounting records.
• C) One person should be responsible for handling related transactions.
• D) A salesperson makes the sale and a different person ships the goods.

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Definitions:

Halo Effect

A cognitive bias where an individual's overall impression of a person influences how they feel and think about their character.

Friendly Personality

A characteristic of individuals who are generally warm, approachable, and easy to get along with.

Bold and Confident Voice

The quality of being assertive and self-assured in expressing one's opinions or thoughts.

Selective Perception

The process by which individuals perceive what they want in media messages while ignoring opposing viewpoints, based on their background, beliefs, and attitudes.