Campaign 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 that needs strengthening in this scenario is the assignment of responsibilities. The accounting manager should have clear authority and responsibilities outlined in their job description or employment contract to avoid situations like unauthorized purchases. Strengthening the assignment of responsibilities ensures that authorized personnel are accountable for their actions and can prevent unauthorized purchases or expenditures.

Campaign Services Hired a New Accounting Manager