In the following situation, which internal control procedure needs strengthening? Syria Services hired a new accountant to be responsible for the petty cash fund and the cash receipts. The newly hired employee has an accounting degree and a criminal record.
A)assignment of responsibilities
B)competent, reliable, and ethical personnel
C)separation of duties
D)documents

Question

Quizplus · Accepted Answer

The newly hired accountant has a criminal record, which raises concerns about their reliability and ethical standards. This indicates a need for strengthening the control procedure related to hiring competent, reliable, and ethical personnel.

In the Following Situation, Which Internal Control Procedure Needs Strengthening