Why is it important to organizationally separate the accounting function from other functions of the organization?
The accounting function provides record-keeping services for all of the operations and day-to-day activities of other departments, which affect the financial position of the organization. Record keeping tasks must be kept separate from any area that has custody over assets. Thus, the accounting function must remain independent so that the protection of the firm's assets is carried out in an environment with minimum possibilities for theft.
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A study of CEO failure indicated that 70 percent of the time their failures were attributed to
a. poorly developed plans. b. poor execution, not poor planning. c. over-ambitious plans. d. lack of adequate cost controls.
Which kind of prototyping is most similar to what engineers call "bread boarding"?
A) first full-scale model B) model bearing some essential features C) nonworking scale model D) patched-up prototype