In the organization of the IT function, the most important separation of duties is:
Because the VAN did not provide the internal auditor with access to its system, that portion of the engagement work program was not completed. Which one of the following should not be done by the internal auditor?
Which of the following descriptions of the internal control system are indicators that risks are managed effectively?
1. Existing controls promote compliance with applicable laws and regulations.
2. The control environment is designed to address all identified risks to the organization.
3. Key controls for significant risks to the organization remain consistent over time.
4. Monitoring systems are in place to alert management to unexpected events.
A manufacturer can sell its single product for US $660. Below are the cost data for the product:
Direct materials US$170 Direct labor 225 Manufacturing overhead 90 The relevant margin amount when beginning a theory of constraints (TOC) analysis is:
Under a defined contribution pension plan<list A> is reported on the balance sheet only if the amount organization has contributed to the pension trust is<list B> the amount required.
