If the Treasury and Controller Functions Are Independent,which of the Following

question 7

Multiple Choice

If the treasury and controller functions are independent,which of the following should be assigned to the controller to maintain effective control?

• A) Approval of disbursements
• B) Responsibility for check signing
• C) Custody of short-term investment securities
• D) Authorization of write-offs of accounts receivable

Comprehend the requirements and implications of SEC reporting and disclosure obligations.

Understand the implications of the Sarbanes-Oxley, Dodd-Frank, and other significant amendments on securities law.

Acknowledge the significance and application of the EDGAR system in SEC reporting.

Grasp the concept of private placements and their exemption from registration.

---

Definitions:

Operating Condition

Refers to the state or circumstances under which a piece of equipment or a system is functioning.

Useful Life

The estimated duration of time that an asset is expected to be usable for the purpose it was acquired, influencing depreciation calculations.

Plant Assets

Long-term tangible assets used in the operations of a business that are not intended for sale.

Natural Resources

Natural resources, including minerals, forests, water, and fertile land, that can be exploited for financial advantages.