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Segregation of duties = related tasks divided among certain number of people so one person is not responsible for all tasks (to prevent fraud).
Independent Internal Verification= due to segregation of duties, one's work can be verified by another.
i.e. surprise verification by managers of daily transactions & record keeping.
What else can I help you with?
What is the difference between internal and external source of data?
An external source of data is a connection to an external data base and contains data that does not change much. The difference of internal source of data is data that can change because it comes from sources inside an organization including inventory transactions, purchase orders, and sales.
Explain Internal Level of a database?
The third level of the architecture is the internal level. The internal view is a low level representation of the entire database; it consists of many occurrences of each of many types of internal record. "Internal record" is the ANSI/SPARC term for the construct that we have been calling a stored record.
Where would you find internal information?
Internal information can typically be found within an organization's database, intranet, company files, or through communication with colleagues, managers, or other internal stakeholders. It is information that is specific to the organization and not readily available to the public.
What are disadvantages of internal data?
Disadvantages of internal data include potential biases from limited perspectives, outdated or inaccurate information, and lack of diversity in data sources. Additionally, internal data may not provide a complete picture of the market or customer behavior.
What phylum has an internal calcareous skeleton?
The phylum Echinodermata has an internal calcareous skeleton made up of plates or ossicles. This skeleton provides support and protection for organisms in this phylum, such as sea stars and sea urchins.
The reconciliation of the cash register tape with the cash in the register is an example of?
independent internal verification
What are the Five methods of internal control of cash?
establishment of responsibility segregation of duties documentation procedures physical, mechanical, and electronic controls independent internal verfication
Independent internal verification of the physical inventory process occurs when?
Independent internal verification of the physical inventory process occurs when a separate department or individual not involved in the inventory count checks the accuracy and completeness of the inventory count results. This could involve comparing the physical count to inventory records, rechecking counts in certain areas, or performing spot checks to ensure accuracy.
What is the Difference between External Failure Costs and internal failure costs?
External failure cost is the cost incurred to fix the defects given by customer. Internal failure cost is the cost associated with internal verification activities like fixing the review comments or fixing the internal testing bugs.
What is the difference between an internal and external command?
Internal commands are commands that are already loaded in the system, It can be executed at any time and are independent. external commands are loaded when the user requests them. Internal commands don't require a separate process to execute them.
What type of replication?
internal and independent
What is the difference between external and internal communications?
What is the difference between external and internal communications
What is the difference between external and internal indicator?
what is the difference between the external & internal indicator
What is Difference between internal and external indicators?
what is the difference between the external & internal indicator
What is an animal that has an internal skeleton called?
antsjellyfishcrabslobstershumans
Difference between internal dtd and extrenal dtd?
difference between internal and external dtd
Which of the following is NOT an independent agency?
Internal Revenue Service
