Quiz Ch 04 – Asset Safeguarding in Internal Controls: Exceptions
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Which of the following is not included in the types of asset safeguarding in internal controls?
Which of the following is not included in the types of asset safeguarding in internal controls?
How are electronic fund transfers treated on a bank reconciliation statement?
What does a disagreement between the adjusted book balance and the adjusted bank balance in the bank reconciliation indicate?
What items are included in the book side of a bank reconciliation statement?
Which option is correct for the bank reconciliation process?
Which of the following is not considered a behavioral red flag in most reported fraud cases?
Categorize each of the following items on a bank reconciliation as either an addition or subtraction to the bank balance or an addition or subtraction to the book balance.
What are the two primary types of fraud that impact financial statements?
What are the three main components of the fraud triangle?
What is the practice when companies use debit cards for small purchases?