Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
ericayi ericayi
wrote...
Go to Answer
Posts: 136
Rep: 0 0
A year ago
Of the following statements about internal controls, which one is least likely to be correct?

▸ No one person should be responsible for the custodial responsibility and the recording responsibility for an asset.

▸ Transactions must be properly authorized before such transactions are processed.

▸ Because of the cost-benefit relationship, a client may apply controls on a test basis.

▸ Control procedures reasonably ensure that collusion among employees cannot occur.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
Read 57 times
1 Reply
Replies
Answer verified by a subject expert
jjwatsonjjwatson
wrote...
#1
Posts: 116
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

ericayi Author
wrote...

A year ago
Helped a lot
logbi
wrote...

Yesterday
Thanks for your help!!
lipop
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1353 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 321
  
 1018
  
 53
Your Opinion
Previous poll results: Who's your favorite biologist?