Performance Reviews Are Control Activities That Include

question 32

Multiple Choice

Performance reviews are control activities that include:

• A)reviews of actual performance versus budgets
• B)authorisation for access to computer programs
• C)periodic counting and comparison with amounts shown on control records
• D)segregating incompatible duties

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Definitions:

Individual Income Tax Returns

Forms submitted by individuals to report income, calculate taxes owed, and determine eligibility for tax refunds.

Corporate Profits Tax

A levy placed on the profit of a firm, with different rates used for varying levels of profit.

Individual Income Tax Rate

The percentage at which an individual's earned income is taxed by the government, which can vary depending on the level of income and other factors.

Corporate Sector

The segment of the economy that is comprised of companies or corporations and is distinguished from the public sector and private individuals.