Vaughan Services Hires a New Accountant to Maintain Its Petty

question 164

Multiple Choice

Vaughan Services hires a new accountant to maintain its petty cash fund.Although the employee possesses an accounting degree,he/she had been previously convicted of embezzlement.Which internal control procedure needs to be addressed in this situation?

• A) assignment of responsibilities
• B) competent, reliable, and ethical personnel
• C) separation of duties
• D) documents

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Definitions:

God

The supreme being, creator, and principal object of faith in monotheistic religions.

True Triangle

A geometric concept referring to a three-sided polygon that meets the exact mathematical properties and definitions of a triangle, including internal angles summing to 180 degrees.

Plato's Theory

Refers to the philosophical ideas of Plato, including his Theory of Forms which posits that the physical world is only a shadow of the true reality, the eternal world of forms.

Forms

In Platonic philosophy, the abstract, perfect, unchangeable concepts or ideals that transcend the physical world and embody the fundamental essence of reality.