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One of the main responsibilities of internal auditors is to check the operational systems within their organization to establish whether the system's internal controls are sufficient and in full operation.
Which THREE of the following are examples of internal controls?
Suggested Answer: A, B, D
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8 comments · newest first
TR
Tresa
1 year ago
Physical controls are a must-have for security!
LA
Lachelle
1 year ago
Filing? That seems a bit basic for internal controls.
LA
Lamonica
1 year ago
Wait, are accounting codes really considered internal controls?
RI
Rikki
1 year ago
I think authorization and approval is super important too.
TY
Ty
1 year ago
Segregation of duties is definitely a key control!
LE
Lettie
1 year ago
This question seems pretty straightforward. I think the term "underwriting" best describes the process of assessing and classifying risk, so I'll go with that.
SK
Skye
1 year ago
Hmm, I'm not totally sure about this one. The options seem a bit broad, and I'm not entirely confident in my knowledge of different types of meters and how to use them. I'll have to think this through carefully.
AN
Anisha
1 year ago
Okay, I've got this. The key is to identify the variable that is NOT something managers should consider when preparing a budget. I think I know the right answer.