Which One of the Following Is Not a Fundamental Internal

question 85

Multiple Choice

Which one of the following is not a fundamental internal control the auditor would expect to find in place for a cash processing system?

• A)Segregation of duties.
• B)Electronic payments.
• C)Authorization of transactions.
• D)Periodic internal audits.

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Definitions:

Gene

A basic unit of heredity made up of DNA that contains the instructions needed to develop and direct the activities of cells in an organism.

Nonshared Environment

pertains to the unique environmental factors that contribute to the differences between individuals, particularly siblings, in the same family.

Social-economic Status

A combined measure of an individual's or family's economic and social position relative to others, based on income, education, and occupation.