Reference no: EM133000057
Problem 1: The framework that has become widely accepted as the standard by which companies design, analyze, and evaluate internal controls is the ____.
a.Internal Control Localized Structure by the Committee of Sponsoring Organizations
b.Internal Control Localized Structure by the Congress of Special Offerings
c.Internal Control-Integrated Framework by the Congress of Special Offerings
d.Internal Control-Integrated Framework by the Committee of Sponsoring Organizations
Problem 2: Internal controls are important because they ____.
a.eliminate fraud
b.ensure that the company maintains a compensating balance
c.guarantee accurate financial statements
d.deter fraud and prevent misleading financial statements
Problem 3: Which of the following scenarios reduces the risk of an employee fraud?
a.The bank reconciliation being prepared by an accountant
b.An accountant being responsible for approving payments to a vendor
c.Remittance advices being sent directly to the cashier
d.A sales clerk having access to the cash register
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Find what should tarheel report as diluted earning per share
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Which would be deducted from the cash balance per books
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Which bank reconciliation should be prepared periodically
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What adjustment is required in the bank accounts
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Which companies evaluate internal controls is the
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What are the conceptual questions
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What is the company new cost of capital
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Provide entries using a general journal format to record
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One-year forward rate of markka per us dollar
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