Reference no: EM132803343

Problem 1: Which of the following accurately describes a fidelity bond?

A.) Procedures to provide reasonable assurance that the objectives of a company are accomplished.

B.) Proper procedures for processing transactions

C.) Insurance that the company buys to protect itself from loss due to employee dishonesty

D.) Guidelines or policies that limit the actions of different levels of management

Problem 2: Which of the following is not a common feature of an internal control system?

A.) Segregating duties

B.) Performance evaluation

C.) Bonding employees

D. Implementing the most effective marketing plan