Chapter 7 quick check
Help!
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| Which of the following is not part of the definition of internal control? (a) separation of duties, (b) safeguard assets, (c) encourage employees to follow company policy, (d) promote operational efficiency | (a) separation of duties
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| _________ requires that an outside auditor must evaluate a public companies internal control | The Sarbanes-Oxley Act
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| Michelle Darby receives cash from customers Her other assigned job is to post the collections to customer accounts receivable. Her company has weak _____ | Separation of duties
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| _______ rearranges messages by a special process. | Encryption
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| The document that explains all differences between the company's cash records and the bank's figures is called a(n) | Bank reconciliation
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| Ethics for AICPA members is governed by ________ | The AICPA Code of Professional Conduct
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| Payment by check is an important internal control over cash payments because (a) the check must be signed by an authorized official, (b) before signing the check, the official reviews the invoice supporting the payment, (c) both a and b, (d) none of these | (c) both a and b
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| Separation of duties is important for internal control of _____ and _____ | cash receipts and cash payments
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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