Why is doing timely reconciliations a key part of internal control activities? A. it is part...
Why is doing timely reconciliations a key part of internal control activities?
A. it is part of Sarbanes-oxley legislation
B. it is much easier to correct mistakes if they are caught
early.
C. it ensures that accounts filed with the government are
accurate.
D. checks usually expire after two weeks
Homework Answers
Answer is option B
B. it is much easier to correct mistakes if they are caught early.
Because, regular reconciliations clears errors in advance, detect possible frauds in advance and at the end, it automatically provides us the accurate account which will be submitted to government.
Add Answer to:
Why is doing timely reconciliations a key part of
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write a summary after that answer the
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internal project 1 anything helps! thank you!! Instructions: Study the case that starts on page 3...
internal project 1
anything helps! thank you!!
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13.7 please 13.7 Table 13.3 (page 602) identifies three risks typically encountered when updating the general ledger Required (a) Analyse the degree of exposure to each of these risks for...
13.7 please
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How can we assess whether a project is a success or a
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Using the book, write another paragraph or two: write 170 words: Q: Compare the assumptions of...
Using the book, write another paragraph or two: write 170
words:
Q: Compare the assumptions of physician-centered and
collaborative communication. How is the caregiver’s role different
in each model? How is the patient’s role different?
Answer: Physical-centered communication involves the specialists
taking control of the conversation. They decide on the topics of
discussion and when to end the process. The patient responds to the
issues raised by the caregiver and acts accordingly. On the other
hand, Collaborative communication involves a...
write a summary after that answer the
questions
CASE 3.3 United Way of America In 1887, several of Denver's community and religious leaders established the Charity Organization Society. During its first year of operation, the organization raised a little more than $20,000, which it then distributed to several local charities. The charity-of-charities fundraising concept spread across the United States over the fol- lowing decades. After several name changes, the original Denver-based organization adopted the name United Way in 1963. United...
internal project 1
anything helps! thank you!!
Instructions: Study the case that starts on page 3 carefully. Then write concise answers to the following questions regarding the internal control system of Duarf, Inc. Clearly label your responses with proper headings and subheadings. Be very specific and precise. Answers that appear to be beating around the bush will not get any credit. 1. What are the controls in place that under normal conditions should function well to prevent embezzlements or frauds?...
13.7 please
13.7 Table 13.3 (page 602) identifies three risks typically encountered when updating the general ledger Required (a) Analyse the degree of exposure to each of these risks for the update the general ledger process at AB Hi-Fi. update general ledger process at AB Hi-Fi. the update the general ledger process is, and how comprehensive the current internal (b) Determine how many of the common controls described in table 13.3 are present in the (c) Prepare a short report...
How can we assess whether a project is a success or a
failure?
This case presents two phases of a large business transformation project involving the implementation of an ERP system with the aim of creating an integrated company. The case illustrates some of the challenges associated with integration. It also presents the obstacles facing companies that undertake projects involving large information technology projects. Bombardier and Its Environment Joseph-Armand Bombardier was 15 years old when he built his first snowmobile...
Using the book, write another paragraph or two: write 170
words:
Q: Compare the assumptions of physician-centered and
collaborative communication. How is the caregiver’s role different
in each model? How is the patient’s role different?
Answer: Physical-centered communication involves the specialists
taking control of the conversation. They decide on the topics of
discussion and when to end the process. The patient responds to the
issues raised by the caregiver and acts accordingly. On the other
hand, Collaborative communication involves a...
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