In Meeting the Control Objective of Safeguarding of Assets, Which

question 10

Multiple Choice

In meeting the control objective of safeguarding of assets, which department should be responsible for distribution of paychecks and custody of unclaimed paychecks, respectively?

• A)Treasurer is responsible for distribution of paychecks and for custody of unclaimed paychecks.
• B)Payroll is responsible for distribution of paychecks and treasurer for custody of unclaimed paychecks.
• C)Treasurer is responsible for distribution of paychecks and payroll for custody of unclaimed paychecks.
• D)Payroll is responsible for distribution of paychecks and for custody of unclaimed paychecks.

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Definitions:

Bearing Installation

The process of fitting bearings into machinery or equipment, ensuring proper alignment, lubrication, and functionality.

Infra-red Thermometer

A device that measures temperature from a distance by detecting the infrared radiation emitted by an object.

Tempilstick

A brand-specific product designed to melt or change at a specific temperature, indicating the attainment of that temperature.

Input Shaft

The part of a machinery or system that takes in power or material for processing, commonly found in engines and transmissions.