Designating personnel who are authorized to sign checks is an example of

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Designating personnel who are authorized to sign checks is an example of establishment of responsibility, which is a fundamental internal control principle. This principle ensures that each individual is assigned specific responsibilities and duties to maintain accountability within the organization. By designating specific personnel to sign checks, the company can reduce the risk of unauthorized payments and ensure that all payments are authorized and recorded accurately.

Designating Personnel Who Are Authorized to Sign Checks Is an Example