Free CFE Exam Braindumps (page: 53)

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Defining the company's objectives and activities, prepares its long-and-short-range plans, Controlling access to the company's assets and premises are all recorded in:

  1. Financial control
  2. Economic management
  3. Capital strategy
  4. Financial statement

Answer(s): D



Responsibilities for safeguarding the company's assets, safeguarding critical transaction processing areas and procedures, internal control guidelines and policies are all most significant tasks performed as part of

  1. Financial control
  2. Periodic processing
  3. Financial control function
  4. Capital controls

Answer(s): C



Control procedures can be circumvented by collusion.

  1. True
  2. False

Answer(s): A



What can capture efficiencies of scale, particularly for small companies, and avoid large investments in equipment and software, as well as ensuring standard procedures?

  1. Outsourcing
  2. Internal auditing
  3. Internal control
  4. External relationships

Answer(s): A






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