Reference no: EM132803340

Chester company has established internal control policies and procedures in order to achieve the following objectives:

1.) Effective evaluation of management performance

2.)Assure that the accounting records contain reliable information

3.)Safeguard the company's assets

4.) Assure that employees comply with company policy

Problem 1: Which of these objectives are achieved through accounting controls?

A.) Objectives 1 and 2

B.) Objectives 2 and 3

C.) Objectives 3 and 4

D.) All four objectives

Problem 2: Which of the following is not one of the nine features of an internal control system?

A.) Establishment of clear lines of authority

B.) having employees covered by a fidelity bond

C.) Requiring regular vacations for certain employees

D.) Customer service comment cards