The information in the annual reports of internal control is overseen by which organization?

Quizizz 4.3.2/4.3.3 What are Internal Cash Controls ACNT1

Quiz
•
Business
•
9th Grade - Professional Development
•
Hard
Patricia Trubee
Used 101+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Public Company Accounting Oversight Board
Sarbanes-Oxley
Securities and Exchange Commission
Private Equities Board of Accountants
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At a particular company, one employee is responsible for vendor payments, while another is responsible for balancing bank statements. This is an example of _____.
competencies
.separation of duties
cross-training
monitoring
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which frequency of transaction recording is most likely a potential sign of unethical behavior?
recording transactions often
recording transactions early
recording transactions late
recording transactions daily
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of an internal accounting control?
using more than one type of accounting software
making sure employees are not fatigued
providing adequate ventilation
restricting access to checks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gina is conducting a bank reconciliation. She finds that the reason why the accounts do not balance is because of a service fee. This amount should be _____.
subtracted from the book balance
added to the book balance
added to the bank balance
subtracted from the bank balance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Marcus finds that a check written by a customer and deposited has not yet posted as he is conducting a bank reconciliation. This amount should be _____.
subtracted from the bank balance
added to the bank balance
added to the book balance
subtracted from the book balance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
While preparing a bank reconciliation, an accountant notices a check that has been returned unpaid. This type of transaction should be _____.
subtracted from the bank balance
added to the book balance
subtracted from the book balance
added to the bank balance
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