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

---

Definitions:

Knowledge And Skills

The theoretical understanding and practical abilities acquired through education, training, and experience.

Job Characteristics Model

A theory that proposes that the nature of a job itself affects employee motivation, satisfaction, and performance, based on five core dimensions: skill variety, task identity, task significance, autonomy, and feedback.

Competent

Possessing the necessary skills, knowledge, and ability to perform a specific task or job effectively.

Confident

The state of feeling certain about the truth of something or having a firm belief in one's abilities, quality, and judgment.