Which of the Following Controls Is Not a Typical Control

question 92

Multiple Choice

Which of the following controls is not a typical control that affects multiple assertions for long-lived assets?

• A)Reviewing insurance policies for adequate replacement coverage of assets.
• B)Formal budgeting process with appropriate follow-up variance analysis.
• C)Periodic comparison of physical assets to subsidiary records with the general ledger.
• D)Periodic reconciliations of subsidiary records with the general ledger.

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Definitions:

Simulation Training

A training method that replicates real-life scenarios using virtual environments or simulators to enhance learning and practice skills without real-world risks.

Transfer of Training

The application of learned skills and knowledge from a training setting to the job environment.

Learning Content

Educational or instructional material designed to impart knowledge or skills to learners.

Training Program

A structured plan designed to improve the knowledge and abilities of participants, typically related to their professional development.