A Small Business Owner Can Best Offset the Lack of Separation

question 70

Multiple Choice

A small business owner can best offset the lack of separation of duties by:

• A)creating an internal audit department.
• B)installing the latest computer equipment and software.
• C)being actively involved in the accounting process.
• D)relying on the external auditor to detect errors.

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Definitions:

Kidney Tubule

A tiny tube in the kidney where urine is formed after filtration, consisting of the proximal tubule, loop of Henle, and distal tubule.

Proteases

Enzymes that catalyze the breakdown of proteins into smaller peptides or amino acids by cleaving peptide bonds.

ER Lumen

The inner compartment of the endoplasmic reticulum, a crucial organelle in eukaryotic cells, involved in protein synthesis and maturation.

Hydrolytic Destruction

A chemical process in which water is used to break down compounds, often leading to the breakdown or degradation of materials.