Which of the Following Is an Attribute of the Internal

question 85

Multiple Choice

Which of the following is an attribute of the internal control procedure "assignment of responsibilities"?

• A)To validate their accounting records,a company should have an audit by an external accountant.
• B)The company should separate the custody of assets from accounting.
• C)The external auditors will monitor internal controls.
• D)Have clearly assigned responsibilities for each position.

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Definitions:

Debris

Dispersed pieces, usually from something that has been demolished or ruined.

Personal Service

A service focusing on personalized care or attention, typically provided directly to an individual.

Lawsuit

A legal case where a party seeks to enforce or defend a legal right through a court process.

Assignment

The transfer of rights, duties, or interests under a contract from one party to another.