Which situation indicates an internal control risk in the general ledger/Financial reporting system (GL/FRS)?

• None of these
• The employee who maintains the cash receipts journal records transactions in the accounts receivable subsidiary ledger
• The employee who maintains the cash journal computes depreciation expense
• The cash receipts journal voucher is approved by the treasurer

Related MCQs

• An advantage of a batch General Ledger System (GLS) is that ______?
• Which best describes a batch process General Ledger System (GLS)?
• Which system produces information used for inventory valuation, budgeting, cost control, performance reporting, and make buy decision?
• Audit Risk basically represents the risk that the auditor would wrongly conclude that the financial statements are?
• Business Intelligence (BI) reporting system cannot do which of the following?
• The type of marking and reporting system is?
• Control risk is assessed at _______?
• Budgetary control system facilitate centralized control with ?
• Which is the best practice control internal and external threat to validity?
• US Centers for Disease Control (CDC) has placed Pakistan in which level in term of Covid-risk countries?