In the Consideration of Internal Control,the Operating Effectiveness of Controls

question 60

Multiple Choice

In the consideration of internal control,the operating effectiveness of controls is tested by:

• A)Flowcharts verification.
• B)Tests of controls.
• C)Substantive procedures.
• D)Decision tables.

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Definitions:

Low Risk

A classification indicating a lesser chance of loss, harm, or failure, often used in finance, health, and safety assessments.

Decision Making

The procedure of decision-making involves pinpointing a choice, accumulating information, and considering various alternatives.

Political Decision Making

The process by which decisions are made within the context of a political entity, involving considerations of power, policy, and governance.

Self-Serving Tactics

Behaviors individuals engage in to advance their own interests at the expense of others or the group.