Which of the following is NOT an inventory management technique?

Most public companies use the indirect method to prepare their statement of cash flows because it is the method the FASB prefers

Indicate whether the statement is true or false

Which of the following would be considered a second line of defense in the Three Lines of Defense model?

a) A production line supervisor inspecting a sample of finished goods to ensure quality standards are met. b) An accounting supervisor conducting a monthly review to ensure all reconciliations were completed properly. c) A bank's internal audit team conducting an engagement to provide assurance on the compliance of the company's anti-money laundering program. d) A staff member of the corporate compliance and ethics office conducting a review of employee certifications that they have reviewed the organization's code of ethics