Which of the Following Is Not a Generally Recognized Internal

question 27

Multiple Choice

Which of the following is not a generally recognized internal control procedure?

• A)Internal review by the audit committee of the board of directors
• B)Independent verification of the work of one employee by another employee
• C)Independent review and appraisal by internal auditors
• D)Segregation of duties

---

Definitions:

Demand Curve

A visual chart that illustrates how the demand quantity of a product or service correlates with its price over a specific time frame.

Demand Curves

Graphical representations showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Supply Curves

An illustrative chart showing how the price of a product or service correlates with its supply during a certain period.

Law Of Supply

An increase in the price of a product will increase the quantity of it supplied; and conversely for a decrease in price.