A Well Planned System of Internal Accounting Control Normally Would

question 10

Multiple Choice

A well planned system of internal accounting control normally would include procedures that are designed to provide reasonable assurance that

• A) employees act with integrity when performing their assigned tasks.
• B) decisions leading to management's authorization of transactions are sound.
• C) collusive activities would be detected by segregation of employee duties.
• D) transactions are executed in accordance with management's general or specific authorization.

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Definitions:

Computer-Consulting

A service field that provides expert advice and solutions in information technology to businesses and individuals.

Variance

A measure of the dispersion or spread of a set of data points, reflecting how much the data points differ from the mean.

Binomial Experiment

A statistical experiment that fits the binomial distribution; characterized by having a fixed number of trials, distinct outcomes (success or failure), independence, and constant probability of success.

Variance

A measure of the dispersion or spread of a set of values, indicating how much they differ from the average of the set.