At Radiant, Inc., the sales department is also responsible for recording cash transactions as it does not have a separate accounting department. Which internal control procedure needs strengthening? A. separation of duties B. competent, reliable, and ethical personnel C. assignment of responsibilities D. documents
At Radiant, Inc., the sales department is also responsible for recording cash transactions as it does not have a separate accounting department. Which internal control procedure needs strengthening? A. separation of duties B. competent, reliable, and ethical personnel C. assignment of responsibilities D. documents
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5MC: There are several elements to internal controls. Which of the following would not address the issue...
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At Radiant, Inc., the sales department is also responsible for recording cash transactions as it does not have a separate accounting department. Which internal control procedure needs strengthening?
separation of duties
competent, reliable, and ethical personnel
assignment of responsibilities
documents
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