Which Internal Control Activity Is Being Followed When Companies Purchase

question 109

Multiple Choice

Which internal control activity is being followed when companies purchase bonds on those employees handling cash?

• A) segregation of duties
• B) safeguarding of assets and records
• C) checks on recorded amounts
• D) human resource controls

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Definitions:

Reprints

Copies of previously printed work, such as articles or books, made available after the original print run has been depleted or in response to continued demand.

Indexing

The process of organizing data, information, or documents in a systematic way to make them easily retrievable.

Expedite

To speed up the process or progress of something to achieve a faster outcome or result.

Filing

The process of organizing documents in a systematic way for easy retrieval and management of information.