In the Following Situation, Which Internal Control Procedure Needs Strengthening

question 87

Multiple Choice

In the following situation, which internal control procedure needs strengthening? Santhom Inc. does not have a separate accounting department. Its operating departments are also responsible for recording transactions in the books of accounts of the company apart from their main operations.

• A)assignment of responsibilities
• B)competent, reliable, and ethical personnel
• C)separation of duties
• D)documents

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Definitions:

Place Utility

The value added to products by having them in a location where they are accessible to consumers when needed.

Production Points

Places or stages in the manufacturing process where goods are created, assembled, or significantly altered.

Finished Product

The final output of the production process, ready for sale or distribution to customers.

Dollar Value

The monetary worth or price of a good, service, or financial instrument, often influenced by factors like demand, supply, and market conditions.