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WorksheetsINTERNAL CHECK SYSTEM
Total questions: 7
Worksheet time: 2mins
Arrangement in which work of one individual is checked by other member is called (a) .
Under internal check, employees need to be (a) among the jobs periodically.
The logic behind the internal check is
Encouraging division of work
Minimizing fraud
Facilitating early submission of financial statement
Not giving the power of executing a transaction from beginning to end to a single individual
Internal auditor is appointed by______________
Central government
State Government
Management
Shareholders
Internal check is a part of
Internal audit
Internal accounting
External Audit
Internal control
Effective internal check system reduces
The liability of auditor
Work of auditor
Responsibilities of an auditor
None of the above
. Internal check is suitable for _______.
Large concerns
Smaller concerns
Petty-shop keepers
None of the above
