Which of the Following Is Not One of the Types

question 65

Multiple Choice

Which of the following is not one of the types of internal audits?

• A)A review of the corporate organizational structure and reporting hierarchies.
• B)An examination of procedures for reporting and disposing of hazardous waste.
• C)A review of source documents and general ledger accounts to determine integrity of recorded transactions.
• D)A comparison of estimates and analysis made before purchase of a major capital asset to actual numbers and results achieved.

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Definitions:

Default Rate

The percentage of borrowers who fail to repay their loans or meet contractual obligations.

Monthly Interest Rate

The percentage of an amount of money which is charged or paid as interest for one month.

Restocking Costs

The expenses associated with replenishing inventory or goods in a business after sales or usage.

Order Cost

The total expenses associated with placing an order for goods or services, including procurement, delivery, and handling fees.