Good Internal Control Demands That No Single Employee Be Given

question 20

Multiple Choice

Good internal control demands that no single employee be given too much responsibility.The segregation of duties is key to fulfilling this demand.Which two functions,when not performed by different employees,will cause a potential internal control problem due to the lack of separation of duties?

• A)digital signature,specific authorization
• B)custody,recording
• C)digital signature,general authorization
• D)custody,digital signature

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Definitions:

Effective Negotiator

An individual skilled in negotiation, capable of reaching favorable agreements through diplomacy and communication.

Manager

A manager is an individual responsible for directing and overseeing the operations and personnel within a department or organization, focusing on achieving goals and managing resources.

Mediation

A neutral party tries to help conflicting parties improve communication to resolve their dispute.

Neutral Third Party

An unbiased individual or entity not directly involved in a situation who may help mediate or arbitrate disputes.