Which of the Following Describes the Internal Control Procedure "Assignment

question 36

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)A company should separate the custody of assets from accounting.
• C)The external auditors will monitor internal controls.
• D)A company should have clearly assigned responsibilities for each position.

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Definitions:

Sense of Security

The feeling of being safe and protected from danger or harm.

Parents' Divorce

The legal ending of a marriage by a court or other competent body, which can significantly impact their children's well-being and development.

Emotional Support

Assistance provided by offering empathy, concern, affection, and encouragement to someone facing challenges or stress.

Blended Family

A family consisting of a couple and their children from this and all previous relationships.