Which of These Is a Fundamental Principle of Internal Control

question 58

Multiple Choice

Which of these is a fundamental principle of internal control to prevent fraud?

• A)Separate duties so that a single person carrying out a series of tasks could not commit fraud and take steps to hide it.
• B)Only permit top management to authorize transactions.
• C)Allow cashiers to collect cash from customers and enter the receipts into the account records.
• D)Allow cashiers to collect cash from customers and deposit the cash on a daily basis into the bank.

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Definitions:

NullPointerException

An exception thrown in programming when attempting to access or modify a null object reference.

Instantiated

The process of creating a specific instance of a class in object-oriented programming.

Finally Block

A block of code that follows a try-catch structure, which is executed regardless of whether an exception is caught or not.

Try Block

A block of code that is tested for errors while it is being executed.