The controller at Horizon, Inc. needs new computers for the accounting department. However, there are no guidelines specifying whether the controller 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
A
Business
You might also like to view...
In a sale-leaseback
a. land is never sold. b. buildings are always sold. c. both land and buildings can be sold. d. only a leasehold interest is sold.
Business
A customer buying an unfamiliar product that carries a fair degree of risk would most likely engage in ________ decision making?
A) cognitive B) limited C) habitual D) affective
Business