Which of the Following Is Not a Common Test of Controls

question 71

Multiple Choice

Which of the following is not a common test of controls for marketable securities?

• A)Review the minutes of the board meetings.
• B)Review broker's advice for accurate recording of security.
• C)Inquire of management about its process for reclassifications.
• D)Review reports of internal audits.

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Definitions:

Human Behaviour

The range of actions, conduct, and responses exhibited by humans, influenced by culture, attitudes, emotions, values, ethics, and the external environment.

Free Will

The concept that humans have the ability to make choices that are not pre-determined by past events or natural laws.

External Stimuli

Environmental or outside factors that provoke a response from sensory systems or influence behavior and perceptions.

B.F. Skinner

An American psychologist and behaviorist known for his work in the field of behaviorism and the development of the theory of operant conditioning.