The controller at Horizon Inc.needs new computers for the accounting department.But there are no guidelines specifying whether he/she can approve purchases of office equipment. 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 situation indicates a lack of clear guidelines or policies regarding who has the authority to approve purchases, which relates to the assignment of responsibilities. Strengthening this control would ensure that there is a clear understanding of who is responsible for approving such transactions.

The Controller at Horizon Inc