An Entity's Control Activities Include All of the Following Except

question 85

Multiple Choice

An entity's control activities include all of the following except:

• A)Performance reviews.
• B)Information processing.
• C)External auditor's tests of controls.
• D)Segregation of duties.

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Definitions:

Guarantees Payment

An assurance, typically from a third party, that payment will be made for goods or services received.

Blank Endorsement

A signature without any restrictions or instructions, allowing any holder of the document to execute a transaction.

Endorsed

The act of signing the back of a negotiable instrument, such as a check, thus transferring rights or title to another party.

Payee

The party in whose favor a check, draft, or note is made, entitled to receive the payment from the payer.