question archive An example of a preventive control is a single person handles the responsibilities for operations, custody of assets, and accounting separation of the Purchasing Department and Accounting Department personnel bonding employees who handle cash accepting payment in currency only
An example of a preventive control is a single person handles the responsibilities for operations, custody of assets, and accounting separation of the Purchasing Department and Accounting Department personnel bonding employees who handle cash accepting payment in currency only
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An example of a preventive control is
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- a single person handles the responsibilities for operations, custody of assets, and accounting
- separation of the Purchasing Department and Accounting Department personnel
- bonding employees who handle cash
- accepting payment in currency only
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Answer:
B .
Step-by-Step explanation
The prevention control is made to discourage the occurrence of irregularities and errors in an organisation. The duties are segregated among the employees so that risk of error and misstatement can be reduced like recording of transactions is done by accounting department and purchases by company are recorded by purchase department.
Hence, correct answer is option B.
