City Advertising Services hired a new accounting manager.He signed a contract for a new accounting information system,but his position did not specify whether he was authorized to do so or not.Which internal control procedure needs strengthening?

Question

Quizplus · Accepted Answer

The internal control procedure that needs strengthening is the assignment of responsibilities. The accounting manager should not have unilateral authority to sign contracts for the company without proper authorization. There should be clear guidelines and procedures in place regarding who is authorized to make such decisions.

City Advertising Services Hired a New Accounting Manager