To Determine Whether the Internal Control Structure Policies and Procedures

question 8

Multiple Choice

To determine whether the internal control structure policies and procedures operate effectively to minimise errors of failure to invoice a shipment, the auditor would select a sample of transactions from the population represented by the:

• A)subsidiary customer accounts ledger.
• B)sales invoice file.
• C)bill of lading file.
• D)customer order file.

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Definitions:

Big Picture

An overall perspective or an understanding of how all the parts of a situation, project, or problem fit together.

External Locus

A belief system where an individual attributes their success or failure to external factors or forces beyond their control.

Internal Locus

Having the belief that one's own actions or behaviors are primarily responsible for their outcomes.

Blames Loss

A situation or outcome where an individual or group is held responsible for a loss or failure.