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10) From interna I control standpoint, the asset most susceptible to improper di version & use is a. prepaid insurance. cash. e. buildings. d. land 11) A check returned by the bank marked "NSF" means a. no service fee. b. no signature found. c. not satisfactorily filled-out. d. not sufficient funds. 12) Control over cash disbursements is generally more effective when a all bills are paid in cash. b. disbursements are made by the accounts payable subsidiary clerk. c. payments are made by check d. all purchases are made on credit. 13) Who is responsible for internal controls within an organization? a. The internal auditor b. The external auditor @ Management d. The PCAOB 14) If employces are bonded a. it means that they are not allowed to handle cash. b. they have worked for the company for at least 10 years. C they have been insured against misappropriation of assets. d. it is impossible for them to steal from the company. 15) Under an effective system of internal control, the authorization for issuing materials is made a. orally b. by the accounting department c. on a prenumbered materials requisition slip. d. by anyone on the production line. 16) Sarbanes Oxley applies to a. U.S companies but not international companies. b. international companies but not U.S. companies. c. U.S. and Canadian companies but not other international companies. d. companies listed on U.S. exchanges

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