Question
Please match the internal control procedure to the error, misstatement or other problem that its is trying to detect or prevent. Duties are segregated between
Please match the internal control procedure to the error, misstatement or other problem that its is trying to detect or prevent.
Duties are segregated between the cash payments and cash receipts functions.
A. | The separation of duties is meant to safeguard assets |
Signature plates are kept under lock and key.
B. | Prevention of unauthorized use. |
Accounting department matches invoices to receiving reports or special authorizations before payment.
C. | Ensures payment for goods or services actually received. |
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