Which of the Following Internal Control Features Would an Auditor

question 64

Multiple Choice

Which of the following internal control features would an auditor be least likely to review?

• A)Segregation of the asset-handling and record-keeping functions.
• B)Company policy regarding credit and collection efforts.
• C)Classification of sales and cost records by products.
• D)Authorisation of additions to plant and equipment.

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Definitions:

Relatedness

The need to have meaningful connections with others and feeling a sense of belonging within social contexts.

Two-factor Theory

A psychological theory that suggests job satisfaction and dissatisfaction arise from two distinct sets of factors: hygiene factors and motivators.

Job Satisfaction

The level of contentment employees feel with their job, which can affect their performance, attitude, and motivation.

Advancement

Progress or promotion to a higher rank or position.