The Independent Internal Verification Principle Involves Each of the Following

question 63

Multiple Choice

The independent internal verification principle involves each of the following except the ______________ of data prepared by other employees.

• A) comparison
• B) reconciliation
• C) review
• D) segregation

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Definitions:

Modern Business Practice

Contemporary methods, strategies, and approaches adopted by businesses to operate efficiently and competitively.

Obligation

A legal or moral duty to do something or to refrain from doing something.

Agents

Individuals or entities authorized to act on behalf of another (the principal) in dealings with third parties, typically creating a legal or business relationship.

Sole Proprietorships

A simple business structure where a single individual owns and operates the business.