In the following situation, which internal control procedure needs strengthening? Hofstra Services hired a new accounting manager. He signed a contract for a new accounting information system, but his position did not specify whether he was authorized to do so or not.
A)Documents and records
B)Competent, reliable, and ethical personnel
C)Assignment of responsibilities
D)Separation of duties

Question

Quizplus · Accepted Answer

The issue is that the new accounting manager's position did not clearly specify whether he was authorized to sign contracts, indicating a lack of clarity in the assignment of responsibilities.

In the Following Situation, Which Internal Control Procedure Needs Strengthening