Which of the Following Is Not an Internal Control Procedure

question 133

Multiple Choice

Which of the following is not an internal control procedure?

• A)authorization
• B)management's operating style
• C)independent verification
• D)accounting records

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Definitions:

Collusion

An agreement between two or more parties, often competitors, to limit competition and manipulate prices or terms of trade to their advantage.

Industry

A group of companies or organizations involved in the production or supply of goods and services in a particular area of the economy.

Firms

Business entities engaged in commercial, industrial, or professional activities, with the goal of earning a profit.

College Textbook Publishers

Companies specialized in publishing textbooks tailored for college and university level courses.