Which of the Following Is an Attribute of the Internal

question 94

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) Each position has clearly assigned responsibilities.

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Definitions:

Infographics

Visual representations of information, data, or knowledge intended to present complex information quickly and clearly.

Path Of Service

A life approach or career choice focused on serving others and contributing positively to the community or society.

Volunteer

An individual who offers services or time without expecting monetary compensation, often for charitable or community purposes.

Leave Of Absence

A period of time that one must be away from one's primary job, while maintaining the status of employee.