Documents and records are an important control activity. Which of the following statements concerning this activity is true?
a. They serve as excellent preventive controls.
b. Adequate accountability can exist even in their absence.
c. The entire accounting system serves as a documentary control.
d. They are poor detective controls.
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct.
d. Incorrect.
Business
You might also like to view...
Congress set national ambient air quality standards in the Clean Air Act
Indicate whether the statement is true or false
Business
One important function of performance reports is to assess the size of the gap between actual and intended performance
Indicate whether the statement is true or false
Business