In the Following Situation,which Internal Control Procedure Needs Strengthening

question 96

Multiple Choice

In the following situation,which internal control procedure needs strengthening?
- At Hofstra Services,the accounting clerk fills out unnumbered purchase order forms for purchases of supplies.An operations engineer completes the form with a detailed description of the supplies being ordered,and the operations manager approves the purchase and passes the purchase order back to the accountant for processing.

• A) Assignment of responsibilities
• B) Competent, reliable, and ethical personnel
• C) Separation of duties
• D) Documents

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Definitions:

Ethical Decision-Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles, taking into account the impact of choices on stakeholders and society.

Brainstorming Alternatives

A creative process for generating a variety of solutions or ideas to address a specific challenge or problem.

Stakeholders

Individuals or groups that have an interest in the decisions and actions of an organization because they are impacted by or can impact its outcomes.

Vested Interest

A personal stake or involvement in an undertaking or situation, especially with the expectation of a financial gain.