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
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
举一反三
- 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
- 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
- Which of following is NOT financial control procedures？ A: Segregation of duties B: Organisation C: Authorisation and approval D: Oversight
- In a financial accounting system what would be the double entry for the purchase of raw materials? A: Dr Raw material inventory, Cr Payables control account B: Dr Raw material inventory, Cr Cost control account C: Dr Payables control account, Cr Dr Raw material inventory D: Dr Cost control account, Cr Dr Raw material inventory
- The financial information provided by an accounting system is needed by managerial decision makers to help them plan and control the activities of the economic entity.