Key Controls for the Acquisition and Expenditures Process That Are

question 20

Multiple Choice

Key controls for the acquisition and expenditures process that are often used by management to prevent or detect misstatements in the financial statements are

• A)limitation of duties
• B)separation procedures
• C)documented transaction trails
• D)department reconciliations
• E)physical controls that limit access to assets
• F)both A and B
• G)both C and E