You Are Performing the Audit of Internal Control for Clifton

question 84

Multiple Choice

You are performing the audit of internal control for Clifton Company. Which of the following would represent a material weakness in internal control?

• A) The company's audit committee has experienced unusual turnover of members.
• B) The company's CFO was indicted for embezzling from the company.
• C) Bank reconciliations are done monthly.
• D) The CEO was forced to resign due to an inappropriate relationship with an outside vendor.

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Definitions:

Indian Crops

Plants domesticated and cultivated by Native American peoples, including maize (corn), beans, and squash, which were essential to indigenous agricultural systems.

Natural Predators

Organisms that hunt and consume other organisms for food, playing crucial roles in maintaining the balance of ecosystems.

Bartolome de las Casas

A 16th-century Spanish friar and historian, known for his advocacy for the rights of indigenous peoples in the Americas and critical accounts of the Spanish conquest.

Conquistadors

Spanish explorers and soldiers who led military expeditions in the Americas and Asia during the 16th century, often subjugating native populations.