Separation of Duties Is a Part of the Definition of Internal

question 146

True/False

Separation of duties is a part of the definition of internal control.

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Definitions:

Debt/equity Ratio

A ratio used to determine how much of a company's assets are financed through equity versus debt.

Tax Shield

A deduction from taxable income that results in a reduction of taxes owed, often associated with interest expense, depreciation, or other deductions.

Tax Rate

The portion of income or profits the government takes as tax from a person or company.