Which of the Following Describes the Internal Control Procedure Assignment

question 143

Multiple Choice

Which of the following describes the internal control procedure assignment of responsibilities?

• A) To validate their accounting records, a company should have an audit by an external accountant.
• B) The company should separate the custody of assets from accounting.
• C) The external auditors will monitor internal controls.
• D) Have clearly assigned responsibilities for each position.

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Definitions:

Employee Information

Consists of personal and employment-related data about an employee, such as contact details, employment history, qualifications, and performance records.

Outside Persons

Individuals who are not employees or directly associated with an organization but may interact with it or have an interest in its activities.

Employee Health Records

Documents that contain information about an employee's health history, including injuries, illnesses, and medical conditions, often for compliance and safety reasons.

Discrimination Charges

Formal complaints filed by individuals or groups claiming to have been unfairly treated or subjected to bias based on characteristics such as race, gender, age, or disability.