In the Following Situation,which Internal Control Procedure Needs Strengthening

question 121

Multiple Choice

In the following situation,which internal control procedure needs strengthening?
- At Hofstra Services,the junior accountant collects checks and cash from customers and records the transactions into the Journal.The controller approves the journal entries and bank reconciliations.The treasurer signs checks and approves contracts.

• A) Assignment of responsibilities
• B) Competent, reliable, and ethical personnel
• C) Separation of duties
• D) Documents

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