Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
texasmade2550 texasmade2550
wrote...
Go to Answer
Posts: 129
Rep: 0 0
A year ago
Which of the following statements is most correct with respect to separation of duties?

▸ A person who has temporary or permanent custody of an asset should account for that asset.

▸ Employees who authorize transactions should not have custody of the related assets.

▸ Employees who open cash receipts should record the amounts in the subsidiary ledgers.

▸ Employees who authorize transactions should have recording responsibility for these transactions.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
Read 105 times
1 Reply
Replies
Answer verified by a subject expert
penmcpenmc
wrote...
#1
Posts: 123
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

texasmade2550 Author
wrote...

A year ago
this is exactly what I needed
jaray75
wrote...

Yesterday
Just got PERFECT on my quiz
Marctheshark
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1305 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 374
  
 183
  
 372
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 431
Previous poll results: Do you believe in global warming?