A transaction level internal control activity is best described as: An action taken by auditors to obtain evidence An action taken by company (client) personnel for the purpose of preventing, detecting and correcting errors and frauds in transactions. A method for recording, summarizing and reporting financial information. none of the answers provided are correct
A transaction level internal control activity is best described as: An action taken by auditors to obtain evidence An action taken by company (client) personnel for the purpose of preventing, detecting and correcting errors and frauds in transactions. A method for recording, summarizing and reporting financial information. none of the answers provided are correct
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
Problem 39RQSC
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Question 34
A transaction level internal control activity is best described as:
An action taken by auditors to obtain evidence |
||
An action taken by company (client) personnel for the purpose of preventing, detecting and correcting errors and frauds in transactions. |
||
A method for recording, summarizing and reporting financial information. |
||
none of the answers provided are correct |
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