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:

Religious Affiliation

The identification or connection of an individual with a particular religion or belief system, often involving participation in related communal activities or rituals.

Suicide Attempts

The act of trying to end one's own life intentionally.

Suicide Rates

The number of suicides per a certain number of people within a specified time frame, often per 100,000 individuals per year.

Psychological Disorders

Mental disorders characterized by dysfunctional patterns of thoughts, feelings, or behaviors that cause significant distress or impairment in personal functioning.