nich of the following is not stated as a primary objective of a company's internal control policies and procedures? Multiple Choice The proper recording and authorization of transactions. The maintenance of adequate records. The prevention or detection of unauthorized activities involving a company's records. The provision of current information for outside investors and analysts.

Select the appropriate control activities for each of the following definitions. Definitions Control Activities a. The company should maintain security over assets and accounting records. Management should periodically determine whether the amounts of physical b. assets of the company match the accounting records. The company should provide employees with appropriate guidance to ensure C. they have the knowledge necessary to carry out their job duties. The actual performance of individuals or processes should be checked against d. their expected performance. Authorizing transactions, recording transactions, and maintaining control of the е. related assets should be separated among employees. To prevent improper use of the company's resources, only certain employees are allowed to carry out certain business activities.

Which of the following is an attribute of the internal control procedure—assignment of​ responsibilities?         A. The external auditors will monitor internal controls.   B. The company should separate the custody of assets from accounting.   C. Each position has clearly assigned responsibilities.   D. To validate their accounting​ records, a company should have an audit by an external accountant.

Which of the following is NOT a requirement in management’s report on the effectiveness of internal controls over financial reporting?a. A statement of management’s responsibility for establishing and maintaining adequate internal control user satisfaction. b. A statement that the organization’s internal auditors have issued an attestation report on management’s assessment of the company’s internal controls. c. A statement identifying the framework management uses to conduct its assessment of internal controls. d. An explicit written conclusion as to the effectiveness of internal control over financial reporting.