Appropriate internal control for a multinational corporations branch office that has a department responsible for the transfer

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Appropriate internal control for a multinational corporation’s branch office that has a department responsible for the transfer of money requires that:
a. The individual who initiates wire transfers does not reconcile the bank statement.
b. The branch manager must receive all wire transfers.
c. Foreign currency rates must be computed separately by two different employees.
d. Corporate management approves the hiring of employees in this department.

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Internal Auditing Assurance & Advisory Services

ISBN: 9780894139871

4th Edition

Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel

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