Which of following is NOT financial control procedures？
A: Segregation of duties
B: Organisation
C: Authorisation and approval
D: Oversight
A: Segregation of duties
B: Organisation
C: Authorisation and approval
D: Oversight
举一反三
- 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
- 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
- analytical procedures are most likely to detect A: unusual transactions B: weaknesses of a material nature in internal control C: noncompliance with prescribed control activities D: improper separation of accounting and other financial duties
- Which of the following is a benefit an organisation is likely to experience from introducing a policies and procedures manual? A: Innovation B: Consistency C: Flexibility D: Staff satisfaction
- Which of the following procedures is less likely to be included near completion of an audit? A: performing analytical procedures B: obtaining an understanding of internal control C: confirmation of receivables D: observation of inventory