The property, plant, and equipment records function should be segregated from the custodial function.

Name: The property, plant, and equipment records function should be segregated from the custodial function.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

Segregating the property, plant, and equipment records function from the custodial function helps ensure the accuracy and reliability of the financial statements by preventing errors or fraud in either of these functions from affecting the other.

The Property, Plant, and Equipment Records Function Should Be Segregated