Which of the Following Statements Is True

question 40

Multiple Choice

Which of the following statements is true?

• A) Internal auditors, rather than external auditors, can conduct evaluations of effectiveness of Enterprise Risk Management processes.
• B) Re-adding the total of a batch of invoices and comparing the total with the first total you calculated is an example of an independent check.
• C) Requiring two signatures on checks over $20,000 is an example of segregation of duties.
• D) Although forensic specialists utilize computers, only people can accurately identify fraud.

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Definitions:

Democratic Way of Life

A system of living based on principles of democracy, which include fairness, equality, and the right of people to have a say in government and decisions affecting their lives.

Continuous Improvement

A continuous endeavor to improve products, services, or processes by making both small and significant advancements.

W. Edwards Deming

An American engineer, statistician, professor, author, lecturer, and management consultant, known for his work in the field of quality management.

Wagner Act

U.S. legislation passed in 1935 that established the rights of employees to unionize, engage in collective bargaining, and take collective action, including striking.