INTERNAL CONTROL

Question 1

What are the two categories of control?

Answer 1

Hard and Soft

Question 2

This is the category of control that has tangible or physical characteristics?

Answer 2

Hard Control

Question 3

This category of control does not have tangible characteristics.

Answer 3

Soft Control

Question 4

The type of control that is designed to keep error and irregularities from occurring in the first place.

Answer 4

PREVENTIVE

Question 5

The type of control that is designed to find errors or problems after the transaction has occurred.

Answer 5

DETECTIVE

Question 6

PREVENTIVE, DETECTIVE, or CORRECTIVE?

Bank Reconciliation

Answer 6

DETECTIVE

Question 7

PREVENTIVE, DETECTIVE, or CORRECTIVE?

Surprise cash count

Answer 7

DETECTIVE

Question 8

This is the type of control that is designed to correct errors or irregularities that have been detected.

Answer 8

CORRECTIVE

Question 9

PREVENTIVE, DETECTIVE, or CORRECTIVE?

Adjusting Entries

Answer 9

CORRECTIVE

Question 10

These are controls built
into computer programs and systems
intended to ensure system integrity,
reliability and security.

Answer 10

AUTOMATED