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Which of the following is not one of the main factors that
contribute to fraudulent activity?
Question 7
Under the concept of establishment of responsibility, how many
people should have the ultimate responsibility?
Question 8
A consequence of separation of duties is that
Question 9
In large companies, the independent internal verification
procedure is often assigned to
Question 10
Sam‘s Grocery Store has the following policy. ‗Only one cashier
can have access to a cash drawer.‘ Which internal control
principle supports this policy?
Question 11
Supervisors counting cash receipts daily is an example of
Question 12
Blank checks
Question 13
All of the following are true regarding bank statements except
Question 14
Which of the following would be added to the balance per bank
on a bank reconciliation?
Question 15
Notification b