Which Is leastlikely to Be a Question Asked of Employee

question 31

Multiple Choice

Which is leastlikely to be a question asked of employee personnel during a walk-through?

• A)Have you ever been asked to override the process?
• B)Have you assessed the operating effectiveness of the system?
• C)What do you do when you find an error?
• D)What are you looking for to determine if there is an error?

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Definitions:

Financial Statement

A written report that quantitatively describes the financial health of a company, including balance sheet, income statement, and cash flow statement.

Permanent/Temporary

Designations for accounts or job positions that indicate if they are expected to last indefinitely or have a fixed duration, respectively.

Gross Method

An accounting method for recording purchases at the invoice amount without deducting any discounts offered.

Periodic Method

An inventory accounting system where updates to inventory accounts and cost of goods sold are made periodically at the end of a reporting period.