1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
satela [25.4K]
3 years ago
14

__________ is a cornerstone in the protection of information assets and in the prevention of financial loss.

Business
2 answers:
aliina [53]3 years ago
7 0

Answer:

Separation of duties.

Explanation:

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.

One of the essential characteristics of internal control is the principle of establishing responsibility such as assigning responsibility to specific individuals. An internal control is considered to be most effective when an individual is solely responsible for a specific accounting task.

Hence, the principle of establishing responsibility include the following;

I. Only one person or an individual is being responsible for a task.

II. An individual is solely responsible for the authorization of transactions.

III. An individual is solely responsible for the approval of transactions.

Separation of duties is a cornerstone used as an internal control measure for the protection of information assets and in the prevention of financial loss.

According to the separation of duties, an employee such as an accountant who opens a bank statement should not be the same person that is saddled with the responsibility of reconciling cash inflow and outflow.

aleksandr82 [10.1K]3 years ago
4 0

Answer:

<h2>separation of duties</h2>

Explanation:

<em><u>separation of </u></em><em><u>duties </u></em> is a cornerstone in the protection of information assets and in the prevention of financial loss.

hope it is helpful to you

You might be interested in
Which of the following charts would be best to draw out the movement of people or material?
masya89 [10]

Answer:

c) Flow diagram.

Explanation:

Flow diagram also known as a flowchart can be defined as a visual representation or an activity diagram which is typically used to illustrate or demonstrate the simple sequence of actions or movements within a complex process and workflow. A Flow diagram would be best to draw out the movement of people or material.

Generally, a flowchart or flow diagram makes use of symbols such as rectangle, oval, diamond, arrow to represent the steps, flow or sequence of a complex system.

3 0
3 years ago
Who is most likely to threaten the security of a business?
Alex73 [517]

Answer:

B

Explanation:

Outsiders who were once employees

Because they have the inside information. And if your up to any tricks, they'll know! And you'll basically be at their liberty.

4 0
2 years ago
Cost push is most likely to occur in those industries in which management or labor is so strong that it can dictate prices. True
krek1111 [17]

True because the cost economics is an economic model that includes the cost of negative

4 0
3 years ago
Identifying Constraints of Communication Channels
MAVERICK [17]

Answer:

Explanation:

Identifying Constraints of Communication Channels Strategically selecting a communication channel means that you choose the communication channel that is best able to meet your work objectives. This process involves evaluating three qualities of communication channels: richness, control, and constraints. Richness involves two considerations: the level of immediacy and number of cues available. Control refers to the degree to which communications can be planned and recorded, thus allowing strategic message development. Constraints refer to the practical limitations of coordination and resources. You will evaluate communication channels in terms of richness, control, and constraints. Roll over each phrase to read a communication task and identify the most serious limitation. Then drag each communication task to the box associated with that limitation. Richness Control Constraints Phone conversation Phone call Team meeting Texting Webinar Break room conversation Video conference Email

7 0
3 years ago
National income accountants can avoid multiple counting by.
denis-greek [22]

Answer:only counting final goods

Explanation:

3 0
2 years ago
Other questions:
  • One of the other employees in your department did not show up for work. He will not be coming in today, and no one will be arriv
    15·2 answers
  • Real GDP per capita Multiple Choice 1. can grow either more slowly or more rapidly than real GDP. 2. cannot grow more slowly tha
    5·1 answer
  • A purse​ company's ads feature the members of a popular housewives reality show. product sales increase significantly among the
    15·1 answer
  • _____ are financial intermediaries that obtain funds by accepting checking and savings deposits from individuals, businesses, an
    9·1 answer
  • Explain the similarities between monopolistic competition and oligopoly.
    9·1 answer
  • Assume that a consumer purchases a combination of products Y and Z and that the MUy/Py = 30/2 and MUz/Pz = 45/3. To maximize uti
    8·1 answer
  • A wealthy art collector has decided to endow her favorite art museum by establishing funds for an endowment which would provide
    5·1 answer
  • The marginal revenue product schedule is: * 1 point A) the same whether the firm is selling in a purely competitive or imperfect
    11·1 answer
  • . Sam Rothstein wants to borrow $15,500 to be repaid in quarterly installments over five years at 16% compounded quarterly. How
    5·1 answer
  • In the early days of selling, companies studied and wrote down the sales pitches of their most successful people, and created ca
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!