Which of the following statements is most true? In a properly controlled system of administrative and reporting functions:
A)Employees have access to related assets or source documents, and on processes such as sales and cash receipts employees are given general authorization to initiate and process transactions.
B)Employees have access to related assets or source documents, administrative processes are tightly controlled by supervisors, and on processes such as sales and cash receipts employees are given general authorization to initiate and process transactions.
C)On processes such as sales and cash receipts, employees are given general authorization to initiate and process transactions.
D)Employees have access to related assets or source documents and employees have the authority to initiate processes such as investing.

Question

Which of the following statements is most true? In a properly controlled system of administrative and reporting functions:
A)Employees have access to related assets or source documents, and on processes such as sales and cash receipts employees are given general authorization to initiate and process transactions. 
B)Employees have access to related assets or source documents, administrative processes are tightly controlled by supervisors, and on processes such as sales and cash receipts employees are given general authorization to initiate and process transactions. 
C)On processes such as sales and cash receipts, employees are given general authorization to initiate and process transactions.
D)Employees have access to related assets or source documents and employees have the authority to initiate processes such as investing.

Quizplus · Accepted Answer

In a properly controlled system, employees are often given general authorization to initiate and process transactions like sales and cash receipts, but access to related assets or source documents is typically restricted to prevent fraud and errors.

Which of the Following Statements Is Most True? in a Properly