Which of the Following Describes the Internal Control Procedure Assignment

question 33

Multiple Choice

Which of the following describes the internal control procedure assignment of responsibilities?

• A)Have clearly assigned responsibilities for each position.
• B)The company should separate the custody of assets from accounting.
• C)To validate their accounting records, a company should have an audit by an external accountant.
• D)The external auditors will monitor internal controls.

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Definitions:

Academic Performance

Refers to the level of achievement or success a student has attained in their educational pursuits, often measured through grades, assessments, and other academic indicators.

Inhibition

Inhibition is the psychological process of restraining impulses, desires, or behaviors, often due to societal norms, personal conscience, or perceived obstacles.

Kindergarten

A preschool educational approach traditionally based on playing, singing, practical activities such as drawing, and social interaction as part of the transition from home to school.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.