Which of the Following Controls Is Not a Typical Control

question 92

Multiple Choice

Which of the following controls is not a typical control that affects multiple assertions for long-lived assets?

• A)Reviewing insurance policies for adequate replacement coverage of assets.
• B)Formal budgeting process with appropriate follow-up variance analysis.
• C)Periodic comparison of physical assets to subsidiary records with the general ledger.
• D)Periodic reconciliations of subsidiary records with the general ledger.

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Definitions:

Assigning Tasks

The process of distributing or allocating specific duties or activities to individuals or groups within an organization to achieve certain objectives.

Leadership Style

The characteristic manner and approach of providing direction, implementing plans, and motivating people.

Participative Style

A leadership or management approach that involves input and involvement from group members in decision-making processes.

Micromanagement

A management style characterized by excessive control or attention to details, often to the detriment of overall performance.