CHAPTER 8: Textbook: Example Exercises Flashcards
1
Q
Example Exercise 8-1: Internal Control Elements
Identify each of the following as relating to
(a) the control environment,
(b) risk assessment, or
(c) control procedures.
Mandatory vacations
A
(c) control procedures
2
Q
Example Exercise 8-1: Internal Control Elements
Identify each of the following as relating to
(a) the control environment,
(b) risk assessment, or
(c) control procedures.
Personnel policies
A
(a) the control environment
3
Q
Example Exercise 8-1: Internal Control Elements
Identify each of the following as relating to
(a) the control environment,
(b) risk assessment, or
(c) control procedures.
Report of outside consultants on future market changes
A
(b) risk assessment
4
Q
A
