Since Financial Investments Are Assets with a High Degree of Inherent

question 1

Essay

Since financial investments are assets with a high degree of inherent risk,companies must establish effective internal control over their investments.
a.Describe the functions that should be segregated to provide good internal control over financial investments.
b.Describe two other internal control policies that should be established for financial investments.

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Definitions:

HCPCS Level II

A standardized coding system used for billing and coding healthcare services and supplies, outside the realm of typical medical procedures which are classified in HCPCS Level I.

Contact Lens

A thin lens placed directly on the surface of the eye to correct vision or for cosmetic purposes.

Cannabis Dependence

A condition characterized by a compulsive need to use cannabis despite negative consequences to health, personal life, or social functioning.

ICD-10-CM Code

The International Classification of Diseases, 10th Revision, Clinical Modification; a system used by healthcare providers to classify and code all diagnoses, symptoms, and procedures.