Which of the following is NOT an inherent limitation of internal control systems
A: Insufficient segregation of duties
B: Possibility that employees may collude together fraudulently
C: Possibility of human error in undertaking tasks
A: Insufficient segregation of duties
B: Possibility that employees may collude together fraudulently
C: Possibility of human error in undertaking tasks
举一反三
- Which of the following is a limitation of the internal audit function? A: The internal audit report is not circulated to the members. B: Internal audit assignments are designed to meet the needs of the business. C: Internal auditors may be employees of the company. D: Internal auditors may report to an audit committee.
- Which of following is NOT financial control procedures？ A: Segregation of duties B: Organisation C: Authorisation and approval D: Oversight
- Which of the following is NOT an internal check? A: Separation of duties for authorising, custody and recording B: Pre-lists, post-lists and control totals C: Bank reconciliations D: Systems for authorising transactions within specified spending limits
- Separating the cheque signing function from the authorisation of payments is an example of what sort of fraud prevention measure? A: Segregation of duties B: Appropriate documentation C: Limitation control D: Check control
- Only allowing purchasing staff to choose suppliers from an approved list is an example of what sort of fraud prevention measure? A: Segregation of duties B: Appropriate documentation C: Limitation control D: Check control