Cadmia Services hired a new accounting manager.He signed a contract for a new accounting information system,but his position did not specify whether he was authorized to do so or not. In the above situation,which internal control procedure needs strengthening?
A)assignment of responsibilities
B)competent,reliable,and ethical personnel
C)separation of duties
D)documents

Question

Quizplus · Accepted Answer

The internal control procedure of assignment of responsibilities needs strengthening in this situation. The lack of specification in the new accounting manager's position about whether he was authorized to sign for a new accounting information system indicates a lack of clarity in assigned responsibilities. Strengthening this control procedure can prevent similar issues in the future.

Cadmia Services Hired a New Accounting Manager