IMET is the organization designed to
A) target white collar crime and was set up by the RCMP
B) compensate investors who are victims of fraud schemes
C) promote ethical business practices in Canada
D) protect minority shareholder interests
E) put pressure on corporations to pay executives reasonable salaries in comparison to the average worker
A
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An entity erroneously recorded a large purchase twice. Which of the following internal control measures would be most likely to detect this in a timely, efficient manner?
A) periodically tracing the purchases journal daily totals to the applicable postings in the general ledger B) sending quarterly confirmations to all vendors C) reconciling monthly statement received from the vendor with the accounts payable subsidiary ledger D) tracing the totals from the purchases journal to the various general ledger accounts
Which non-comparative scale is analyzed using profile analysis?
A) Likert scale B) semantic differential scale C) Stapel scale D) all of the above