Choose the Proper Category of Internal Control Activities That Best

question 135

Multiple Choice

Choose the proper category of internal control activities that best matches the following actions. Each action should be matched with a different numbered item within the internal controls list.
-segregation of duties

• A)One employee or department should verify the work of another.
• B)Specific approval is given by management for the performance of activities.
• C)Accounting and cash collections should be properly separated.
• D)Blank cheques should be stored in a locked location.
• E)Initial entry into the accounting system should be from a consistent source with complete information.

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Definitions:

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An analysis method used to improve work efficiency by breaking down tasks into their component motions and studying the time involved in each motion.

Functional Job Analysis

A method for analyzing jobs by identifying tasks, duties, and responsibilities, focusing on what is done in a job and why it is done.

Experimentation

The process of conducting a test or investigation to explore hypotheses or answer specific questions, typically in a controlled environment.

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