Although Both the Treasurer and Controller Functions Report to the VP

question 97

True/False

Although both the treasurer and controller functions report to the VP of Finance, for good internal control, these functions should be segregated.

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Definitions:

Legislation

Legislation is the process through which statutes or laws are proposed, developed, and enacted by a governmental body to regulate, authorize, sanction, grant, declare, or restrict various actions and activities.

Congress

The U.S. national legislature, made up of two chambers: the Senate and the House of Representatives.

Grassroots Mobilization

The process of organizing and motivating a group of people from the bottom up, usually for a political or social cause.

Interest Group

An organization that seeks to influence public policy and decision-making to further its members’ interests without seeking election.