Which of the Following Is an Example of an Internal

question 10

Multiple Choice

Which of the following is an example of an internal control question that an auditor may ask?

• A) Do you make daily intact deposits of each day's receipts?
• B) Do you restrictively endorse checks "for deposit only?"
• C) Do you reconcile bank deposit receipts against credits to accounts receivables?
• D) All of the above.

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Definitions:

Milk Processors

Milk processors are businesses involved in the handling and converting of raw milk into finished dairy products, such as cheese, yogurt, and milk beverages, ready for consumer consumption.

Public Service

A service provided by the government to its citizens, often free of charge, aimed at improving community welfare and infrastructure.

Institutional Advertisements

Advertising campaigns aimed at building a company's brand identity rather than promoting individual products or services.

Competitive

The characteristic of constantly striving to gain an advantage over rivals in business or any other sphere of influence.