ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 63

1. The employee in charge of authorizing credit to the company's
customers does not fully understand the concept of credit risk. This
lack of knowledge would constitute:
2. When assessing whether the financial statements are auditable,
the auditor must consider:
3. Which of the following deal with ongoing or periodic
assessment of the quality of internal control by management?
4. Audit evidence regarding the separation of duties is normally
best obtained by:
5. Management must disclose material weaknesses in internal
control in its audit report:
6. Proper segregation of functional responsibilities calls for
separation of:
7. When considering internal controls, an important point to
consider is that:
8. Which of the following deficiency exists if a necessary control
is missing or not properly formulated?