Which of the Following Is the Best Way to Compensate

question 26

Multiple Choice

Which of the following is the best way to compensate for the lack of adequate segregation of duties in a small organization?

• A) Disclosing lack of segregation of duties to external auditors during the annual review.
• B) Replacing personnel every three or four years.
• C) Requiring accountants to pass a yearly background check.
• D) Allowing for greater management oversight of incompatible activities.

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Definitions:

Specific Performance

A legal remedy in contract law requiring the breaching party to fulfill their part of the contract rather than simply paying damages.

Charles Dickens

A celebrated British novelist of the Victorian era, known for his vivid characters and depictions of social issues.

Adequate Compensation

Fair and reasonable recompense, often used in the context of eminent domain or when damages are awarded in a legal dispute.

Consequential Damages

Refers to indirect or secondary financial losses suffered as a result of a breach of contract, beyond the immediate scope of the contractual obligations.