An Essential Characteristic of the Persons Performing Internal Check Procedures

question 48

Multiple Choice

An essential characteristic of the persons performing internal check procedures is

• A)independence from the original data preparer.
• B)a thorough knowledge of accounting.
• C)an analytical and inquisitive mind.
• D)competence in data entry skills.

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Definitions:

Workforce Rightsizing

The process of adjusting the size of a company's workforce to match its current needs.

Infrastructure Costs

Expenses associated with the basic physical and organizational structures needed for the operation of a society or enterprise, such as roads, utilities, and buildings.

Fixed Assets

Long-term tangible assets held by an organization for producing goods or services, not expected to be converted to cash in the short term.

Contingent Workforce

A labor pool consisting of individuals hired by an organization on a non-permanent basis, such as freelancers, contractors, or temporary workers.