Which of the Following Procedures Is a Test of Control

question 29

Multiple Choice

Which of the following procedures is a test of control for the validity objective for notes payable?

• A)Read minutes of director's meetings for authorization of financing transactions.
• B)Select a sample of notes payable and vouch cash receipt to the bank statement.
• C)Select a sample of paid notes and recalculate interest expense for the period under audit.
• D)Select a sample of paid notes and trace interest costs to the general ledger expense account.

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Definitions:

Instruction

The process of facilitating learning, or the acquisition of knowledge, skills, values, and attitudes, through teaching methods and strategies.

Trainability Test

An assessment designed to determine an individual's potential to learn new skills or adapt to new processes.

Training Employees

The process of enhancing the skills, capabilities, and knowledge of staff within an organization in order to perform their job effectively.

Ethics Of Training

Guidelines and principles that govern the fairness, respect, and integrity of training processes and practices.