Control Activities Can Be Designed to Provide Reasonable Assurance That

question 14

Multiple Choice

Control activities can be designed to provide reasonable assurance that all except which of the following will happen?

• A) Transactions will be recorded to permit preparation of financial statements.
• B) All risks will be eliminated.
• C) Access to assets will be permitted only in accordance with management's authorization.
• D) The recorded accountability for assets will be compared with the existing assets at periodic intervals.

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Definitions:

OD Interventions

Actions and processes applied in organizational development to improve an organization's effectiveness through planned change.

OD

Organizational Development, a field focused on interventions in the work processes and structures of an organization with the aim of improving its effectiveness and health.

Supervisors

Individuals in an organization responsible for overseeing the work of others and ensuring tasks are completed effectively.

Interpersonal Processes

The dynamic ways in which individuals interact and communicate with each other.