Which Statement Is True Concerning the Documentation of Internal Control

question 80

Multiple Choice

Which statement is true concerning the documentation of internal control?

• A)Documentation should be sufficient to support the design and operating effectiveness of internal controls.
• B)Documentation requirements are standardized by the PCAOB.
• C)Documentation of disbursements requires paper and electronic documentation.
• D)Documentation of all transaction controls should be tested on an annual basis.

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Definitions:

Focus

The center of interest or activity; to concentrate attention or efforts on a particular object or activity.

Room Lights

Lighting fixtures and arrangements designed to illuminate an interior space, affecting its ambiance and functionality.

Projected Visuals

Visual aids displayed via projection equipment to enhance understanding or retention of spoken or written information.

Monotonous

Describes a lack of variety and interest, often leading to boredom; can refer to sounds, visuals, or tasks that are all too uniform.