A Well-Designed Set of Internal Controls Helps a Company Achieve

question 42

Multiple Choice

A well-designed set of internal controls helps a company achieve four main purposes.Which of the following best pairs two controls related to a single purpose?

• A)Adequate documentation and user training
• B)Adequate documentation and bank reconciliations
• C)User training and bank reconciliations
• D)Firewalls and employee bonding

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Definitions:

Perceptual Defence

A psychological mechanism that prevents individuals from consciously perceiving disturbing or threatening stimuli.

Functional Specialty

An area within a profession or field where individuals possess specific skills, knowledge, and expertise, distinguishing them from others within the same broad discipline.

Statistical Principles

The fundamental concepts that underpin the logic, methodology, and validity of quantitative research and data analysis, including probability, variability, inference, and modeling.

Decision-making Process

A series of steps or stages that involve identifying a problem, gathering information, evaluating alternatives, and making choices to reach a conclusion.