The process of inspecting a document that supports a recorded transaction in order to verify the authority and authenticity of such a transaction

Related MCQs

• “The process of inspecting documents that supports a recorded transaction in order to verify the authority and authenticity of such a transaction” is
• To verify cash transactions, it is necessary
• The process of substantiation of assets and liabilities recorded in the books of accounts by physical inspection and examination of legal and official documents to form and expert opinion
• The arrangement of duties of staff in such a manner, that the work of one person is automatically checked by another during the course of carrying out, recording and processing a transaction.
• An error occurs due to negligence in recording the details of transaction, such errors are of clerical nature and are of wrong entries,wrong positioning,additions,transfer,etc.. is called
• Errors occurring when generally accepted accounting principles are not observed while recording any transaction in the books of accounts
• ________is transaction in securities of the company by an insider on the basis of unpublished price sensitive information
• Management Audit assess the efficiency of management for third parties to commit funds for the business in situation such as –
• The process of collecting and evaluating evidence to determine whether a computer system safeguards assets, maintains data integrity, achieves organizational goals effectively, and consumes resources efficiently.
• A comprehensive and critical review of all aspects of management process