Which of the following would be the best example of a monitoring control for a chain of restaurants

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B. Control C. Risk management D. Monitoring Correct Answer: A Section: Volume B Explanation Explanation/Reference: QUESTION 195 Which of the following is most likely to be an element of an effective compliance program? A. The internal audit activity is assigned responsibility for overseeing the program. B. The program is communicated to employees in a video format on a one-time basis. C. The organization uses monitoring systems designed to detect improper activity. D. The organization obtains as much information as possible when performing background checks on employees. Correct Answer: C Section: Volume B Explanation Explanation/Reference: QUESTION 196 Which of the following internal controls is likely to prevent pollution from waste disposal before it occurs, rather than detect it after it occurs? A. Identification of large budget variances in disposal costs for hazardous chemicals. B. Restricted access to environmental department files. C. Formal on-the-job training program conducted by the environmental staff.

A restaurant food chain has over 680 restaurants. All food orders for each restaurant are required to be input into an electronic device which records all food orders by food servers and transmits the order to the kitchen for preparation. All food servers are responsible for collecting cash for all their orders and must turn in cash at the end of their shift equal to the sales value of food ordered for their I.D. number. The manager then reconciles the cash received for the day with the computerized record of food orders generated. All differences are investigated immediately by the restaurant. Corporate headquarters has established monitoring controls to determine when an individual restaurant might not be recording all its revenue and transmitting the applicable cash to the corporate headquarters. Which one of the following would be the best example of a monitoring control?A. The restaurant manager reconciles the cash received with the food orders recorded on the computer.B. Cash is transmitted to corporate headquarters on a daily basis.C. All food orders must be entered on the computer, and segregation of duties is maintained between the food servers and the cooks.D. Management prepares a detailed analysis of gross margin per store and investigates any store that shows a significantly lower gross margin.

答案解析：

There are five interrelated components that comprise internal control. They are: (1) control environment, (2) risk assessment, (3) control activities, (4) information and communication, and (5) monitoring. Monitoring is an activity of management. Monitoring assesses the quality of the internal control system's performance over time. Monitoring can be done in two ways: (1) through ongoing monitoring during normal operations, and (2) separate evaluations by management with the assistance of the internal audit function. If monitoring is done regularly during normal operations, it lessens the need for separate evaluations. The manager's reconciliation of cash received with food orders entered is a control activity. A reconciliation is a detective control activity, because it is intended to detect the occurrence of an unwanted event. However, it does not represent a monitoring activity of management.There are five interrelated components that comprise internal control. They are: (1) control environment, (2) risk assessment, (3) control activities, (4) information and communication, and (5) monitoring. Monitoring is an activity of management. Monitoring assesses the quality of the internal control system's performance over time. Monitoring can be done in two ways: (1) through ongoing monitoring during normal operations, and (2) separate evaluations by management with the assistance of the internal audit function. If monitoring is done regularly during normal operations, it lessens the need for separate evaluations. Daily transmission of cash to corporate headquarters is a control activity which serves as an operational control.There are five interrelated components that comprise internal control. They are: (1) control environment, (2) risk assessment, (3) control activities, (4) information and communication, and (5) monitoring. Monitoring is an activity of management. Monitoring assesses the quality of the internal control system's performance over time. Monitoring can be done in two ways: (1) through ongoing monitoring during normal operations, and (2) separate evaluations by management with the assistance of the internal audit function. If monitoring is done regularly during normal operations, it lessens the need for separate evaluations. Segregation of duties is a control activity which serves as a preventive control, because it is intended to prevent the occurrence of an unwanted event. Therefore, it does not represent a monitoring activity of management.There are five interrelated components that comprise internal control. They are: (1) control environment, (2) risk assessment, (3) control activities, (4) information and communication, and (5) monitoring. Monitoring is an activity of management. Monitoring assesses the quality of the internal control system's performance over time. Monitoring can be done in two ways: (1) through ongoing monitoring during normal operations, and (2) separate evaluations by management with the assistance of the internal audit function. If monitoring is done regularly during normal operations, it lessens the need for separate evaluations. When management prepares a detailed analysis of gross margin per store and investigates any store that shows a significantly lower gross margin, it is performing a monitoring activity.

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Home » IIA » IIA-CIA-Part1 » Which of the following would be the best example of a monitoring control for a chain of restaurants?

Which of the following would be the best example of a monitoring control for a chain of restaurants?
A. Each restaurant manager reconciles the cash received with the food orders recorded on the computer.
B. All food orders must be entered through the computer, and there is segregation of duties between the food servers and the cooks.
C. Corporate management prepares a detailed analysis of gross margin per restaurant and investigates those showing a significantly lower gross margin.
D. Proof of bank deposit is transmitted to corporate headquarters on a daily basis.

Correct Answer: C Explanation/Reference:

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