Multiple Choice
The purpose of segregating the duties of distributing payroll checks and hiring personnel is to separate the:
A) duties within the accounting function.
B) custody of assets from the accounting for those assets.
C) authorization of transactions from the custody of related assets.
D) operational responsibility from record keeping responsibility.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: An auditor vouched data for a sample
Q18: An auditor most likely would assess control
Q19: A substantive test of transactions to test
Q20: Identify whether the following tests are substantive
Q21: Employees must complete a W-4 form to
Q23: Possible misstatements related to the occurrence assertion
Q24: In the weekly computer run to prepare
Q25: Which of the following departments most likely
Q26: Which of the following circumstances most likely
Q27: Proper segregation of duties is critical for