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Which of the following is an attribute of the internal control procedureassignment of responsibilities? To validate their accounting records, a company should have an audit
Which of the following is an attribute of the internal control procedureassignment of responsibilities? | ||||||||||||||
To validate their accounting records, a company should have an audit by an external accountant. | ||||||||||||||
The external auditors will monitor internal controls. | ||||||||||||||
Each position has clearly assigned responsibilities. | ||||||||||||||
The company should separate the custody of assets from accounting. |
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