2. Which of the following is the best definition of relevant control activities? (1 Point)...
90.2K
Verified Solution
Link Copied!
Question
Finance
2. Which of the following is the best definition of relevant control activities? (1 Point) Manual or automated procedures to prevent or detect and correct, errors or fraud that could directly result in material misstatements to the financial statements. Manual or automated tasks from the transaction's initiation until it is recorded and reported in the financial statements absent any controls Manual or automated activities established by management that introduce risks in a transaction within a business process Marisal or automated procedures within a process to record a transaction in the general ledger. 3. Which of the following factors do you consider when evaluating the D&l of an automated control? (1 Point) O Experience of control operator Frequency of control Sample size selection O Level of precision
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!