For companies that are too small to hire enough employees to properly separate duties,the key to good internal control is getting the owner to perform which of the following duties:
A)approving all transactions.
B)reconciling the monthly bank account or making bank deposits.
C)reconciling the monthly bank account and making bank deposits.
D)The owner should not perform any of the above duties.

Question

Quizplus · Accepted Answer

The owner should reconcile the monthly bank account or make bank deposits to ensure oversight and reduce the risk of fraud or errors, especially when there are not enough employees to separate duties.

For Companies That Are Too Small to Hire Enough Employees