Multiple Choice
Which of the following duties would indicate a weakness in internal controls?
A) The accounting function is under the controller.
B) The custodianship of cash is the responsibility of the treasurer's function.
C) The internal auditor reports to the board of directors.
D) The custodianship of buildings and equipment is the responsibility of the controller's function.
Correct Answer:

Verified
Correct Answer:
Verified
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