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:

Culture

A set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Mechanisms

Fundamental processes or structures through which systems operate or produce effects.

Diagnose

The process of identifying the nature or cause of something, typically a problem or condition, through examination of the symptoms or available data.

Reinforce

The act of strengthening a behavior by providing a reward or favorable outcome after the behavior is exhibited.