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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