2. 财经
  3. Many people think of internal control as a means of safeguarding cash and preventing fraud. Although internal control is an impo

Many people think of internal control as a means of safeguarding cash and preventing fraud. Although internal control is an impo

admin2021-06-15  9
问题         Many people think of internal control as a means of safeguarding cash and preventing fraud. Although internal control is an important factor in protecting assets and preventing fraud, this is only a part of its roles. Remember that business decisions are based on accounting data and the system of internal control provides assurance of the dependability of the accounting data used in making decisions.
        The decisions made by management are communicated throughout the organization and become company policy. The results of the policies—the consequences of managerial decisions—must be reported back to management so that the soundness of company policies can be evaluated. Among the means of communication included in the system of internal control are organization charts, manuals of accounting policies and procedures, flow charts, financial forecasts, purchase orders, receiving reports, invoices, and other documents. The term documentation refers to all the charts, forms, reports, and other business papers that guide and describe the working of a company’s system of accounting and internal control.
        Internal controls fall into two major classes: administrative controls and accounting controls. Administrative controls are measures that increase operational efficiency and compliance with policies in all parts of organization. For example, an administrative control may be a requirement that traveling salespersons submit reports showing the number of calls made on customers each day. Another example is a directive require airline pilots to have regular medical examinations. These internal administrative controls have no direct bearing on the reliability of the financial statements. Consequently, administrative controls are not of direct interest on accountants and independent auditors.
        Internal accounting controls are measures that relate to protection of assets and to the reliability of accounting and financial reports. An example is the requirement that a person whose duties involve handling cash shall not also maintain accounting records. More broadly stated, the accounting function must be kept separate from the custody of assets. Another accounting control is the requirement that checks, purchase orders, and other documents be serially numbered. Still another example is the rule that a person who orders merchandise and supplies should not be the one to receive them and should not sign checks to pay for them.
The results of managerial decisions must be reported back to management so that________can be evaluated.
选项 A、the level of performance in all divisions of the company
B、the means of communication
C、the effectiveness of company policies
D、the financial reports
答案C
解析 细节题。定位第二段第二句“The results of the policies—the consequences of managerial decisions—must be reported back to management so that the soundness of company policies can be evaluated.”，句意为公司管理决策的结果要反馈给管理层，以便评估公司政策的完好性。C项是对句子中的the sound ness of company的同义转换。
转载请注明原文地址:https://kaotiyun.com/show/kNMc777K
本试题收录于： 英语题库银行系统招聘考试分类
0

英语

银行系统招聘考试

相关试题推荐
随机试题
最新回复(0)