Internal Controls That Should Be Applied When a Business Takes

question 117

Multiple Choice

Internal controls that should be applied when a business takes a physical count of inventory should include all of the following except:

• A) A manager confirms that all inventories are ticketed only once.
• B) Counters of inventory should be those who are responsible for the inventory.
• C) Counters confirm the validity of inventory existence, amounts, and quality.
• D) Prenumbered inventory tickets.
• E) Second counts by a different counter.

---

Definitions:

Civil Litigation

A legal process where parties in dispute come before a court for the resolution of a matter, usually involving private rights and remedies.

Attention to Detail

The meticulous and careful consideration of all aspects and fine points of a task or situation.

Coordinating Witnesses

Involves organizing and scheduling witnesses for legal proceedings to ensure their testimonies are aligned and presented effectively.

Tracking Testimony

The practice of closely monitoring and recording witness testimonies to ensure accuracy and consistency in legal proceedings.