Multiple Choice
The controller at Horizon Inc.needs new computers for the accounting department.But there are no guidelines specifying whether he/she can approve purchases of office equipment. In the above situation,which internal control procedure needs strengthening?
A) assignment of responsibilities
B) competent,reliable,and ethical personnel
C) separation of duties
D) documents
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Which of the following is a requirement
Q26: In a large company,the person who is
Q32: Which of the following is true of
Q79: A petty cash fund was established with
Q122: For strong controls over cash receipts,the checks
Q140: The cash ratios of four companies are
Q143: Which of the following components of internal
Q146: A customer's check for $1,280 was returned
Q147: A petty cash fund was established with
Q231: Journal entries are required if the bank