In the Following Situation, Which Internal Control Procedure Needs Strengthening

question 12

Multiple Choice

In the following situation, which internal control procedure needs strengthening? Syria Services hired a new accountant to be responsible for the petty cash fund and the cash receipts. The newly hired employee has an accounting degree and a criminal record.

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

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Definitions:

Monster Run Amok

A narrative theme where a creature, often a symbol of human hubris or nature's indomitable force, causes widespread destruction.

Social Cost

The total cost to society as a whole from an event, activity, or policy, including both direct and indirect costs.

Social Distribution

The manner in which societal resources, opportunities, and burdens are spread across different groups and individuals.

Environmental Risk

Environmental risk involves the potential negative effects on the natural environment and human health due to pollution, natural disasters, climate change, and other environmental factors.