There are
characteristics of the capital expenditure cycle relating to the acquisition of
fixed assets, and compensating controls are therefore necessary. Choose the
option that identifies why these compensating controls are important in capital
expenditure?

Question

Answer

They
address risks in non-routine transactions.

Answer

They
eliminate the need for budgets.

Answer

They
allow fixed assets to be purchased freely.

Answer

They
reduce requirements regarding financial reporting.

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There are characteristics of the capital expenditure cycle relating to the acqu...

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