The Results of an Internal Audit Finds That There Is

question 25

Multiple Choice

The results of an internal audit finds that there is a problem with inaccurate time data being entered into the payroll system.What is an applicable control that can help prevent this event from occurring in the future?

• A) proper segregation of duties
• B) automation of data collection
• C) sound hiring procedures
• D) review of appropriate performance metrics

Grasp the concept of net worth and how it is affected by personal financial decisions.

Learn about the importance of secure document storage and what documents should be stored in a safe-deposit box.

Recognize the different deductions from a paycheck and understand disposable and discretionary income.

Comprehend the implications of insolvency and understand the basics of asset management and protection.

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Definitions:

Longitudinal Counseling

A counseling approach that involves extended engagement over time to observe and support changes or developments in an individual's behavior, thoughts, or emotions.

Explorative

Research designed to investigate an area or phenomenon that is not well understood.

Supportive Interventions

Actions or strategies designed to provide assistance, encouragement, and resources to individuals or groups to support their well-being and success.

ANOVA

A statistical technique that assesses potential differences in a scale-level dependent variable by a nominal-level variable having two or more categories.