Match Each of the Following Principles of Internal Control with the Appropriate

question 103

Short Answer

Match each of the following principles of internal control with the appropriate description below.
A. Establishment of responsibility
B. Segregation of duties
C. Documentation procedures
D. Physical controls
E. Independent internal verification
F. Human resource controls
_____ 1. Involves the review, comparison, and reconciliation of data prepared by other employees.
_____ 2. Provide evidence that transactions and events have occurred.
_____ 3. Includes the authorization and approval of transactions.
_____ 4. Rotating employees' duties and requiring employees to take vacations.
_____ 5. Related activities should be assigned to different individuals.
_____ 6. Using garment sensors to deter theft.

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Definitions:

Amicus Curiae

A "friend of the court" who, although not a party to the litigation, offers information or expertise relevant to the case to assist the court in its deliberation.

Stare Decisis

The legal principle of determining points in litigation according to precedent, meaning earlier judicial decisions are authoritative in all future cases that are substantially similar.

Prior Decisions

Legal doctrine referring to the respect and adherence to judicial decisions made in previous cases.

Authoritative

Possessing or exhibiting authority; considered to be reliable or accurate.