The custodian of a company asset should
A) have access to the accounting records for that asset.
B) be someone outside the company.
C) not have access to the accounting records for that asset.
D) be an accountant.

Question

Quizplus · Accepted Answer

The custodian of a company asset should not have access to the accounting records for that asset in order to reduce the risk of fraud or misuse. Accounting records should be handled by a separate department or person to ensure accountability and accuracy.

The Custodian of a Company Asset Should