Which of the Following Internal Accounting Control Objectives Relate to Establishing

question 92

Multiple Choice

Which of the following internal accounting control objectives relate to establishing the system of accountability and are aimed at the prevention of errors and irregularities? 1.Authorization
2) Promoting operating efficiency
3) Reconciliation
4) Recording
5) Safeguarding
6) Valuation

• A)3 and 4
• B)4 and 5
• C)1,3,and 4
• D)1,4,and 5
• E)2,3,and 5

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Definitions:

Subordinate Jobs

Positions within an organization that fall below the managerial or leadership levels, typically involving more direct task execution under supervision.

Substantial Delegation

refers to transferring a considerable amount of decision-making power or responsibility from superiors to subordinates in an organization.

Work Unit

A work unit is a group of individuals within an organization tasked with specific responsibilities or objectives.

Highly Interdependent

A state in which tasks, processes, or individuals are closely associated and reliant on each other for success or completion.