CAF-8 · Chapter 5 · Question 1 of 10
The policies and procedures that help ensure management directives are carried out, such as authorizations, physical security, and reconciliations, are known as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Control activities
Explanation
Control activities are the specific actions and procedures (like reconciliations, physical counts, and segregation of duties) established to prevent or detect misstatements.
More Internal Control MCQs
- Q3Which of the following is an example of a 'General IT Control' rather than an 'Application Control'?
- Q4An auditor performs a 'Walk-through test'. What is the objective of this procedure?
- Q5Which of the following internal controls is inherently 'Detective' rather than 'Preventive'?
- Q6What is an inherent limitation of ANY internal control system?
- Q7Which component of internal control encompasses management's attitude, awareness, and actions concerning the entity's internal controls…