Due to a Weakness Observed in Internal Control Over Recording

question 47

Multiple Choice

Due to a weakness observed in internal control over recording retirements of equipment, the auditor may decide to:

• A)inspect certain items of equipment in the plant and trace those items to the accounting records.
• B)review the subsidiary ledger to ascertain whether depreciation was taken on each item of equipment during the year.
• C)trace additions to the "other assets" account to search for equipment that is still on hand but no longer is being used.
• D)select certain items of equipment from the accounting records and locate them in the plant.

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Definitions:

Cytokinesis

Stage of cell division in which the cytoplasm divides to form two daughter cells.

Prophase

The first stage of mitosis. During prophase the chromosomes become visible as distinct structures, the nuclear envelope breaks down, and a spindle forms.

Mitotic Spindle

The mitotic spindle is a structure composed of microtubules, involved in the segregation of chromosomes during cell division.

Spindle Fibers

Protein structures that segregate chromosomes to opposite ends of a cell during cell division.