Which of the following indicates a strong internal control
environment?
Question 10
When duties cannot be segregated, the most important internal control
procedure is
Question 11
The fundamental difference between internal and external auditing is
that
Question 12
The importance to the accounting profession of the Sarbanes-Oxely
Act is that
Question 13
Control activities under SAS 109/COSO include
Question 14
Control risk is
Question 15
The most cost-effective type of internal control is
Question 16
Which of the following suggests a weakness in the internal control
environment?
Question 17
Tests of controls include
Question 18
Which of the following taxes are included in the total income tax
expense of a corporation reported on its Federal tax return?
Question 19
Which of the following items are not included in the financial
statement income tax note effective tax rate reconciliation?
Question 20
Paint, Inc., a domestic corporation, owns 100% of Blue, Ltd., a foreign
corporation and Yellow, Inc., a domestic corporation. Paint also owns
40% of Green, Inc., a domestic corporation. Paint receives no
distributions from any of these corporations. Which of these entities'
net income are included in Paint's income statement for current year
financial reporting purposes?