User Account

All Pages

Describe segregation of duties and dual control

Assignment Help Business Management
Reference no: EM133144467

Segregation of Duties

Prior to beginning work on this discussion forum, read Chapters 10 and 11 in the course textbook.

Since financial investments are assets with a high degree of inherent risk, companies must establish effective internal control over their investments. Address the following in your discussion post:

1. Describe segregation of duties and dual control.

2. Describe the functions that should be segregated to provide good internal control over cash, the receipt of cash, and financial investments.

3. Describe two other internal control policies that should be established for financial investments.

4. List three audit tasks related to the audit of financial investments that may require specialized skill or knowledge.

Reference no: EM133144467

Questions Cloud

Food is medicine : What food plan have you decided to follow (if any)? How will you decide which foods to include in your meals?
Prepare the statement of comprehensive income for the year : The wage of RM1,050 for December 2021 has not yet been entered into the ledgers. Prepare the Statement of Comprehensive Income for the year
What controls pertain specifically to inventory processes : How does inventory differ from other types of purchases and discuss what controls pertain specifically to inventory processes?
Calculate number of ounces of water : Calculate the number of ounces of water you need to drink in a day by dividing your body weight in pounds by 2.
Describe segregation of duties and dual control : Describe segregation of duties and dual control. Describe two other internal control policies that should be established for financial investments.
What was your return as a percentage : You bought a share of a company for $28 at the beginning of last year and sold it for $30 after one year. What was your return as a percentage
Difference between negative and positive confirmations : Explain the difference between negative and positive confirmations.
Assignment on market capitalization : 1. Market Capitalization is calculated by multiplying the company's share price by its total number of shares outstanding.
Prepare year-end adjusting entry to record bad debts expense : Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: a $680 debit balance

Reviews

Write a Review

Business Management Questions & Answers

  Communicating devices is made up of three sections

A transmission channel between two communicating devices is made up of three sections. The first introduces a signal power change of -16dB

  How can the company overcome this resistance

Should the company go ahead with the move to Mexico or try one more time to work things out in the Oconomo facility?

  Health policy and economic analysis class

Having trouble coming up with topics for a paper for my Health Policy and Economic Analysis class, essay questions below: Search for proposal(s) by your state governor to deal with a health care access problem and write a paper of 1,250-1,500 words..

  Anatasia got in her investment portfolio now

Five years ago, Anastasia had invested $5,500 into a securities portfolio. Given the rate of return of 12%, how much money Anastasia has in her investment portf

  Recognise a minimum of three different business statutes

Recognise a minimum of three different business statutes that exist in a business communications environment. 2. Offer a brief analysis of each of the different statutes that you identified

  Explain the say on pay rule

Explain the say on pay rule and whether you believe it is likely to have an effect on large compensation packages of CEOs

  Relationship between the price

Suppose you calculate a linear relationship between the price of milk and the ounces of milk purchased by consumers. Using milk as the dependent variable

  A two-part tariff that will exhaust all counsumer surplus

Devise a two-part tariff that will exhaust all counsumer surplus.

  Managing future costs and risks

1) Tesla, an American automobile manufacturer based in California, has hired you as a business strategy consultant. Tesla is the leader in electric luxury cars

  Roles and behaviors of teams in organizational settings

Evaluate the roles and behaviors of teams in organizational settings. Examine variables, conditions, and concepts that influence team performance and productivi

  Ethical and socially responsibility of professors

Is it ethical and socially responsible for professors to drop standards and for colleges to award degrees for doing less work today than 5, 10, 15, or 20 years ago?

  Growth stage of the industry life cycle

1) In the growth stage of the industry life cycle, why the barrier to entry is lower?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd