To assure proper segregation of duties, who should maintain the perpetual inventory master files?
A) production personnel
B) inventory storeroom personnel
C) inventory receiving personnel
D) accounting department personnel

Question

Quizplus · Accepted Answer

The accounting department personnel should maintain the perpetual inventory master files to assure proper segregation of duties. This ensures that the individuals responsible for the physical inventory counts and movement of inventory are not the same as those responsible for maintaining the inventory records, reducing the risk of errors or fraud.

To Assure Proper Segregation of Duties, Who Should Maintain the Perpetual