Requiring an employee to be granted authority before having access to valuable assets is demonstrating which element of internal control?
A) delegation of authority
B) separation of duties
C) safeguarding of assets
Correct Answer:
Verified
Q33: An asset is something of value that
Q34: Which of the following is an example
Q35: The inventory an organization has on hand
Q36: An employee receives his paycheck and he
Q37: When using an audit trail, the auditor
Q39: Accountants are mainly focused on which step
Q40: Forecasting is best defined as
A) a financial
Q41: A formal document seeking information about products
Q42: Match the term with the best descriptor.
-records
Q43: A formal document that seeks pricing information
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