menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Tools Study Set 4
  4. Exam
    Exam 7: Fraud, Internal Control, and Cash
  5. Question
    The Control Principle Related to Not Having the Same Person
Solved

The Control Principle Related to Not Having the Same Person

Question 2

Question 2

Multiple Choice

The control principle related to not having the same person authorize and pay for goods is known as


A) establishment of responsibility.
B) independent internal verification.
C) separation of duties.
D) rotation of duties.

Correct Answer:

verifed

Verified

Related Questions

Q5: Under an effective system of internal control,

Q6: In a small business, the lack of

Q9: Which of the following would be deducted

Q10: A traditional definition of internal control specifically

Q11: James Company had checks outstanding totaling $32,400

Q25: In large companies the independent internal verification

Q55: An employee authorized to sign checks should

Q124: Blank checks<br>A) should be safeguarded.<br>B) should be

Q137: An effective system of internal control centralizes

Q173: Which one of the following would not

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines