For effective internal control,which of the following functions should not be assigned to the company's accounting department? A)Reconciling accounting records with existing assets. B)Recording financial transactions. C)Signing payroll checks. D)Preparing financial reports.

Question

Quizplus · Accepted Answer

Signing payroll checks should be assigned to a separate department or individual to ensure segregation of duties and prevent fraud. The accounting department can manage reconciling accounting records, recording financial transactions, and preparing financial reports.

For Effective Internal Control,which of the Following Functions Should not