Which of the Following Most Likely Would Be the Result

question 15

Multiple Choice

Which of the following most likely would be the result of ineffective internal control policies and procedures in the revenue process?

• A)Final authorization of credit memos by personnel in the Sales Department could permit an employee defalcation scheme.
• B)Fictitious transactions could be recorded, causing an understatement of revenues and an overstatement of receivables.
• C)Irregularities in recording transactions in the subsidiary accounts could result in a delay in goods shipped.
• D)Omission of shipping documents could go undetected, causing an understatement of inventory.

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Definitions:

Hydroureter

The dilation or swelling of the ureter due to the accumulation of urine, often resulting from obstruction or blockage.

Storing Urine

The function of the urinary bladder, which is to hold urine until it is excreted from the body.

Urinary Bladder

A hollow muscular organ in the pelvic area of the body that collects urine excreted by the kidneys before disposal by urination.

Blood Urea Nitrogen

A medical test that measures the amount of nitrogen in the blood that comes from the waste product urea, indicating kidney function.