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:

Indirect Quotation

The conveyance of someone's words or expressions without quoting them directly, often paraphrased.

Summary

An abbreviated representation of content, highlighting its key aspects.

Direct Quotation

The exact repetition of someone's written or spoken words, typically enclosed in quotation marks to denote precise citation.

Plagiarism

The act of using someone else's work or ideas without proper attribution, presenting them as one's own.