The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate the:
A) Authorization of transactions from the custody of related assets
B) Operational responsibility from the record keeping responsibility
C) Human resources function from the controllership function
D) Administrative controls from the internal accounting controls
Correct Answer:
Verified
Q2: Internal control problems would be likely to
Q3: Which of the following questions would be
Q4: This type of transaction is one that
Q5: Which of the following is not an
Q6: A company's internal controls policies may mandate
Q7: Which of the following is not a
Q8: For proper segregation of duties, the department
Q9: Which of the following is not an
Q10: For a given pay period, the complete
Q11: Which of the following procedures would be
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