Which of the Following Is One of the Overriding Principles

question 46

Multiple Choice

Which of the following is one of the overriding principles of internal control?

• A) Responsibility for accounting and financial duties should be assigned to one responsible officer.
• B) Responsibility for the performance of each duty must be fixed.
• C) Responsibility for the accounting duties must be borne by the audit committee of the company.
• D) All of the options listed here are correct

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Definitions:

Immune Functioning

The complex processes and mechanisms that the body uses to defend against pathogens, infections, and diseases.

Financial Strain

The stress and pressure resulting from the challenges of managing one's financial obligations and resources.

Alzheimer's Disease

A progressive neurological disorder that causes brain cells to waste away and die, leading to loss of memory and cognitive functions.

Ethnic Groups

Communities or populations sharing common cultural attributes, ancestry, language, history, and often geographic origin.