每日一练 历年真题丨ACCA 考试模拟题：2019年4月26日（二）
3.The mnemonic SPAMSOAP is often used to remember the range of financial control procedures.What does the'O'stand for in this mnemonic?
4.Which of the following is not an internal check?
A Separation of duties for authorising,custody and recording
B Pre-lists,post-lists and control totals
C Bank reconciliations
D Systems for authorising transactions within specified spending limits
Rationale:Organisation in this context means identifying reporting lines,levels of authority and responsibility to ensure that everyone is aware of their control responsibilities.The full mnemonic stands for:Segregation of duties;Physical;Authorisation and approval;Management;Supervision;Organisation;Arithmetical and accounting;and Personnel.
Rationale:This is an internal control,rather than an internal check.Internal checks are more about dividing work(so that the work of one person can be independently proved by that of another)and using'proof measures'to ensure the accuracy of records and calculations:options A,B and C are examples.