Which of the Following Is an Attribute of the Internal

question 94

Multiple Choice

Which of the following is an attribute of the internal control procedure-assignment of responsibilities?

• A) To validate their accounting records, a company should have an audit by an external accountant.
• B) The company should separate the custody of assets from accounting.
• C) The external auditors will monitor internal controls.
• D) Each position has clearly assigned responsibilities.

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Definitions:

Theory Of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions—to oneself, and to others, and to understand that others have beliefs, desires, and intentions different from one's own.

Grabbing Toys

The action typically observed in infants and young children as they reach for and hold onto objects within their environment, often as part of their developmental process.

Recognize

To identify someone or something from having encountered them before; to know again.

Preoperational Child

A stage in Piaget's theory of cognitive development where children, typically aged 2-7, are not yet able to think logically or understand the concept of conservation.