An objective of segregation of duties is to structure the organization so that the perpetration of a fraud requires collusion between two or more individuals. What must a company do to achieve this objective? Why?
What will be an ideal response?
Certain record-keeping tasks-subsidiary ledgers (AP and inventory), journals (purchases and cash disbursements, and the GL-should be separately maintained. An individual with total record-keeping responsibility, in collusion with someone with asset custody, is in a position to perpetrate a fraud.
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Which of the following will not result in dissolution of a partnership?
A) Death of a partner B) Withdrawal of a partner C) Admission of a new partner D) Sale of partnership assets
Passive data collection involves interviewing subjects
Indicate whether the statement is true or false
Which of the following is the best description of the provisions of the Civil Rights Act, Title VII?
A. prohibiting discrimination against individuals with disabilities or chronic illnesses B. prohibiting discrimination against employees aged 40 or over C. prohibiting the forced retirement of most employees D. prohibiting discrimination based on race, color, religion, national origin, or gender
Which of the following is not a third-party beneficiary contract??
A)a contract in which A hires B to give A's niece piano lessons? B)a contract to repair sewers in front of Macy's Department Store? C)a life insurance contract with a named beneficiary? D)a contract between X and Y for Y to install a new door on Z's home