Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the answers below is an example of an internal control outlining the physical custody of organizational assets? Group of answer choices 1.Employees throughout

Which of the answers below is an example of an internal control outlining the physical custody of organizational assets?

Group of answer choices

1.Employees throughout the organization are mandated to change their passwords every 90 days.

2.The data servers and other technology hardware components used by the organization are only accessible by a smaller subset of employees with certain access levels.

3. An organizational crosstraining program among related departments such as accounts payable and the treasury to enable continuous job rotation.

4.Adding a new vendor to the master vendor list for accounts payable processing must be approved by two individuals, and every login to the master list is automatically recorded and summarized daily.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial And Managerial Accounting The Managerial Chapters

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

6th Edition

0134486854, 978-0134486857

More Books

Students also viewed these Accounting questions