Vaughn Services Hires a New Accountant to Maintain Its Petty

question 162

Multiple Choice

Vaughn 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 the above situation?

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

---

Definitions:

Long-Term

Referring to an extended period of time, often implying durability or sustained attention beyond the short-term or immediate future.

Visuospatial Sketchpad

A component of the working memory that processes visual and spatial information, allowing for the manipulation of images and spatial understanding.

Executive Control System

A cognitive system responsible for the planning, initiation, sequence, and monitoring of complex goal-directed behaviors.

Prospective Memory

The feature of memory that deals with the capacity to remember to carry out intended tasks or recollect future intentions.