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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

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An inference engine is _________.
IrinaK [193]

Answer:

d. a strategy used to search through the rule base in an expert system by forward chaining or backward chaining.

Explanation:

inference engine is related mainly with artificial intelligence development. it is used to program logics to the system.

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3 years ago
One hypothesis for declining productivity growth rates since the Great Recession is that technological progress has been so rapi
Mice21 [21]

Answer:

False

Explanation:

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Technological advance is hand in hand with capital formation. Productivity growth rates is of utmost importance due to the fact that productivity growth rates have a big impact on future economic growth and development of the​ new economy was due to advances in information technology.

3 0
3 years ago
Store A sells four times as many products as store B and one third as many as store C. If store C sells 105,960 products, how ma
nikitadnepr [17]

Answer: a. 8,830 products

Explanation:

Store A sells one third as many as Store C so if Store C sells 105,960 products, Store A would be selling:

= 105,960 / 3

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Store A sells four times as many products are store B. If Store A sells 35,320 products, Store B would sell:

= 35,320 / 4

= 8,830 products

8 0
3 years ago
Which is NOT a step in a career plan?
zepelin [54]

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D. go on vacation to the beach

3 0
3 years ago
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Import restrictions due to the imposition of tariffs by the U.S. government will ultimately cause inefficient resource allocatio
kumpel [21]

Answer:

all of the above are likely to occur

Explanation:

Import restrictions would limit the amount of goods imported into the US

as a result of the restriction, the amount of goods sold to the US by its trade partners would fall, as a result, the income of US trade partners would reduce.

Also, the quantity of goods available in the US would fall and consumption would fall.

Import restrictions might lead to US producing goods and services for ehuch it has no comparative advantage in its production. This would lead to ineeficent allocation of resources.

3 0
3 years ago
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