question archive Which ONE of the following events is most likely to result in the segregation of duties becoming ineffective? A
Which ONE of the following events is most likely to result in the segregation of duties becoming ineffective? A
Subject:FinancePrice: Bought3
Which ONE of the following events is most likely to result in the segregation of duties becoming ineffective? A. collusion B. the tendency to direct internal controls - at routine transactions rather than non-routine transactions C. cost constraints D. carelessness on the part of an employee Reset Selection Question 28 of 30 The acquisition and payments cycle consist of several basic functions. Which one of the following functions is not associated with this cycle? A. The payment is done through electronic funds transfer by the finance manager and recorded against the supplier accounts. B. The payment is prepared using a supporting schedule of time worked for the week. C. Manual hard-copy requisition forms are completed for goods required by each department. D. The receiving clerk acknowledges receipt of goods after reconciling it to a valid purchase order. Reset Selection Question 29 of 30 Identify which one of the following alternatives correctly provides examples of documents used in the payroll cycle. O A. Employment contract, payroll amendment form, salary advice, remittance advice, variance report, clock card B. Employment contract, variance report, job card, salary advice, payroll amendment form, batch control register C. Employment contract, clock card, payroll amendment form, batch control register, salary advice, variance report D. Employment contract, salary advice, batch control register, requisition, payroll amendment form Reset Selection O 0 O Question 30 of 30 Which one of the following control weaknesses will not increase the risk of ordering incorrect or unnecessary goods? OA. The order clerk is responsible for compiling all order forms, as well as for placing the orders with suppliers. B. The order forms are not pre-numbered. C. The order forms are not cross-referenced to an authorised requisition. D. The company does not have an approved supplier list.
