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Which of the Following Describes the Internal Control Procedure "Assignment

Question 36

Multiple Choice

Which of the following describes the internal control procedure "assignment of responsibilities?"


A) To validate their accounting records, a company should have an audit by an external accountant.
B) A company should separate the custody of assets from accounting.
C) The external auditors will monitor internal controls.
D) A company should have clearly assigned responsibilities for each position.

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