inernal control Flashcards by Sidney Holman | Brainscape

Q

Clearly defined authority and responsibility

A

specific approval

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Q

Segregation of duties

A

account and cash separated

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Q

adequate docs and records

A

all sales documented by pre-numbered

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Q

safegards over assets and records

A

black checks locked

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Q

independent internal verification

A

one empolyee should verify work

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