3.Corporate management has a role in the maintenance of internal control. In fact, management sometimes is a control. Which of the following involves managerial functions as a control device?

Asupervision of employees.

Buse of a corporate policies manual

Cmaintenance of a quality control department

Dinternal auditing

AyesSIAS 1 states, ”Effective control is present when management directs systems in such a manner as to provide reasonable assurance that the organization’s objectives and goals will be achieved” Directing includes “authorizing and monitoring performance, periodically comparing actual with planned performance, and documenting these activities to provide additional assurance that systems operate as planned,” Monitoring “encompasses supervising, observing, and testing activities and appropriately reporting to responsible individuals. Monitoring provides an ongoing verification of progress toward achievement of objectives and goals.”

BnoThe manual advises but does not control.

CnoA quality control department is a form of internal review. The manager of quality control should be independent of the operations reviewed.

DnoInternal reviews (such as internal auditing )should be independent of the operations reviewed and are not a managerial function.