Which One of the Following Is Not a Generally Recognized

question 153

Multiple Choice

Which one of the following is not a generally recognized internal control procedure?

• A) Internal review by the audit committee of the board of directors
• B) Independent verification of the work of one employee by another employee
• C) Independent review and appraisal by internal auditors
• D) Segregation of duties

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Definitions:

Life Expectancy

The average period that a person or organism is expected to live based on statistical averages.

Team Effectiveness

The degree to which a team achieves its goals, operates efficiently, and satisfies its members.

Process Control

A method of monitoring and adjusting processes and systems to maintain desired outputs or performance levels.

Cross-Functional Team

A group composed of members from different departments or areas of expertise working together towards a common goal.