Internal Controls

question 36

Multiple Choice

Internal controls:

• A)Have four broad purposes.
• B)Are key elements of the third step in a financial statement audit.
• C)Both have four broad purposes and are key elements of the third step in a financial statement audit.
• D)Neither have four broad purposes nor are key elements of the third step in a financial statement audit.

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Definitions:

Cue for Depth

Visual or auditory information that helps perceive the relative distance of objects in space, aiding in depth perception.

Apparent Movement

The perception of movement produced by stimuli that are stationary but are presented first at one position and then, at an appropriate time interval, presented at a different position.

Sequence

An ordered list of elements or events arranged in a specific pattern.

Still Pictures

Photographs or images that capture and freeze a moment in time, without movement.