The "As of Date" for Internal Control Reporting Is Ordinarily

question 10

True/False

The "as of date" for internal control reporting is ordinarily the last day of the fiscal year.

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Definitions:

Civil Service Commission

A government body charged with overseeing the hiring and management of federal government employees to ensure a merit-based, non-partisan civil service.

Pendleton Act

Legislation passed in 1883 that established the United States Civil Service Commission, which ended the spoils system and made merit the basis for hiring and promoting in the federal service.

Merit System

An approach to hiring and promoting government employees based on their ability and performance rather than political connections or factors.

Political Appointment System

A system where government officials are appointed based on their political affiliations and loyalty rather than merit or competitive examination.