independent outside auditors must attest to the level of internal
control.
companies must develop sound internal controls over financial
reporting.
companies must continually assess the functionality of internal
controls.
6-
Multiple Choice Question 111
A deposit made by a company will appear on the bank statement as a
debit.
credit.
debit memorandum.
credit memorandum.
7-
Multiple Choice Question 65
In large companies, the independent internal verification procedure is
often assigned to
computer operators.
management.
internal auditors.
outside CP
8-