Explicitly Identifying the Different Employees Who Participate in Each Event

question 59

Multiple Choice

Explicitly identifying the different employees who participate in each event by their job functions is helpful when verifying

• A)internal controls.
• B)job descriptions.
• C)proper supervision.
• D)segregation of duties.

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Definitions:

Transactions

The act of buying, selling, or exchanging goods, services, or financial assets in a market.

Optimal Spread

The most favorable allocation or distribution of assets, investments, or resources to minimize risk and maximize returns.

Market Maker

A firm or individual that quotes both a buy and a sell price in a financial market or commodity, hoping to make a profit on the bid-offer spread.

Transactions

The act of conducting business or exchange between parties, often involving the transfer of goods, services, or funds.