Review the Following Individual Accounting System Components That Contain the Skills

question 14

Multiple Choice

Review the following individual accounting system components that contain the skills and capabilities of individuals in Chart A and review the accounting system components that contain the skills and capabilities of individuals in Chart B. Which of the following describes the individual required to perform the accounting system skills and capabilities in Chart A and which individual is the responsible individual required to perform the skills and capabilities in Chart B?

• A)Chart A: Independent Auditor; Chart B: Internal Audit Function
• B)Chart A: Managerial Accountant; Chart B: Financial Accountant
• C)Chart A: Audit Committee; Chart B: Cross Functional Teams
• D)Chart A: Cross Functional Teams; Chart B: Treasurer
• E)Chart A: Controller; Chart B: Treasurer

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Definitions:

Validity

Validity refers to the extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.

Content Validity

The extent to which a test or measure covers the content it's supposed to cover.

Error Score

The part of a test score that is random and contributes to the unreliability of a test.

Observed

Pertains to the actual data or outcomes collected and recorded in a study or experiment.