You were hired as one of the members of the internal audit team of a newly established hypermarket in your area. As a new member, your task was to analyze the internal control practices of the business. Which of the following activities does not constitute good internal control? a. Correcting errors immediately after they are discovered b. Putting passwords in every computer the business is using c. Making sure that all bills were immediately paid even without supporting documents d. Reviewing and approving transactions especially those involving large amounts of money

Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN:9781337485913
Author:BROOKS
Publisher:BROOKS
Chapter6: Professional Accounting In The Public Interest
Section: Chapter Questions
Problem 15.11EC
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You were hired as one of the members of the internal audit team of a newly established hypermarket in your area. As a new member, your task was to analyze the internal control practices of the business. Which of the following activities does not constitute good internal control? a. Correcting errors immediately after they are discovered b. Putting passwords in every computer the business is using c. Making sure that all bills were immediately paid even without supporting documents d. Reviewing and approving transactions especially those involving large amounts of money
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