A Client Has Implemented a Policy Requiring the Establishment and Enforcement

question 44

Multiple Choice

A client has implemented a policy requiring the establishment and enforcement of property management training for all personnel involved in the use,stewardship,and management of equipment.Which of the following is not a test that could be used in testing the control?

• A)Inquiry.
• B)Observation.
• C)Inspection of documentation.
• D)Review of financial statements.

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Definitions:

Budgetary Control

The process of managing a company's income and expenditure with the aim of keeping spending in line with the budget.

Actual Results

The realized outcomes or final figures of a company's financial performance or operations, often compared against budgeted or forecasted figures.

Flexible Budgets

Budgets that can be adjusted or modified according to the changes in operational activities or business volume.

Production Departments

Specific areas within a manufacturing facility where different stages or types of production processes occur.