Allowing only the treasurer to sign checks is an example of Group of answer choices establishment of responsibility. other controls. separation of duties. documentation procedures.

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Business

Peter Nixon

22 September, 21:42

Allowing only the treasurer to sign checks is an example of Group of answer choices establishment of responsibility. other controls. separation of duties. documentation procedures.

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Answers (1)

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Captain · Answer 1

Establishment of responsibility

Explanation:

Establishment of responsibility is an essential characteristic of an internal control mechanism put in place by different organizations which allows a particular task to be assigned to specific individuals. Establishing responsibility also includes the authorization and approval of transactions in a particular firm or organization. This is because control is most effective when only one person is responsible for a given task.