Answer to Question #207288 in Economics for Seatile

Question

PUB3716 III, MODULE

MCQ MULTPLE CHOICE QUESTIONS:

QUESTIONS

1. Select an alternative that contains the type of a control procedure during which 

financial transactions are first authorised by middle managers before being 

authorised by senior managers from the list provided below.

(1) Proof of authorisation.

(2) Dual authorisation.

(3) Supporting documentation.

(4) Programmed decisions.

2. Select an alternative that contains a control procedure that is used to detect errors in 

the recording of transactions from the list provided below.

(1) Detective controls.

(2) Standard procedures.

(3) Directive controls.

(4) Reconciliation.

Answer 1

1. (2) Dual authorisation.
2. (1) Detective controls.