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:

Allergic Response

An immune system reaction that occurs when the body's defense mechanisms overact to a normally harmless substance.

Substance

A form of matter with distinct properties and composition, such as a chemical element or compound.

Pathogen

Microorganisms such as bacteria, viruses, fungi, or parasites that can cause disease in their host.

Intestinal Mucosa

The innermost layer of the intestine, which is involved in absorption and secretion processes critical for digestion.