Question
An example of poor internal control is the custodian of an asset should not maintain or have access to the accounting records. the accountant should
An example of poor internal control is
the custodian of an asset should not maintain or have access to the accounting records. |
the accountant should not have physical custody of the asset nor access to it. |
one person should be responsible for handling related transactions. |
a salesperson makes the sale, and a different person ships the goods. |
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
