Of the Following Statements About Internal Control, Which One Is

question 5

Multiple Choice

Of the following statements about internal control, which one is not valid?

• A) No one person should be responsible for the custodial responsibility and the recording responsibility for an asset.
• B) Transactions must be properly authorized before such transactions are processed.
• C) Because of the cost/benefit relationship, a client may apply control procedures on a test basis.
• D) Control activities reasonably insure that collusion among employees cannot occur.

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Form Design View

An interface in database applications that allows users to create and modify the layout and fields of forms for data entry and display.

Conditional Sizing

Adjusting the size of an element based on specific conditions or criteria.

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Buttons on a keyboard designed to navigate the cursor towards a designated direction.

Navigation Pane

A user interface component that offers easy access to various sections or features within a software application, often displayed as a sidebar.