Choose the proper category of internal control activities that best matches the following actions. Each action should be matched with a different numbered item within the internal controls list.
-Clearly defined authority and responsibility
A)One employee or department should verify the work of another.
B)Specific approval is given by management for the performance of activities.
C)Accounting and cash collections should be properly separated.
D)Blank checks should be stored in a locked location.
E)Initial entry into the accounting system should be from a consistent source with complete information.

Question

Quizplus · Accepted Answer

Clearly defined authority and responsibility align with specific approval given by management for the performance of activities, as it involves delineating who has the authority to make decisions and take actions within an organization.

Choose the Proper Category of Internal Control Activities That Best