In the Following Situation, Which Internal Control Procedure Needs Strengthening

Multiple Choice

In the following situation, which internal control procedure needs strengthening? At Hofstra Services, the operations accountant is responsible for safeguarding and maintaining the pipe inventory and also to record inventory transactions into the journal. A separate accounting clerk keeps records of the cash receipts and payments. The treasurer signs cheques and approves contracts.

A) Separation of duties
B) Documents and records
C) Assignment of responsibilities
D) Competent, reliable, and ethical personnel