select the correct answer.\nkristof works as the accounts manager in a large manufacturing firm. he tries to…

select the correct answer.\nkristof works as the accounts manager in a large manufacturing firm. he tries to segregate the duties among his subordinates. he tries to ensure that the same individual does not handle the cash, inventory, documentation, and other duties. according to him, such segregation minimizes the risk of fraud or embezzlement. which element of internal accounting controls is related to kristofs way of managing his employees?\n\na. information and communication\n\nb. risk assessment\n\nc. control procedures\n\nd. control environment\n\ne. monitoring

select the correct answer.\nkristof works as the accounts manager in a large manufacturing firm. he tries to segregate the duties among his subordinates. he tries to ensure that the same individual does not handle the cash, inventory, documentation, and other duties. according to him, such segregation minimizes the risk of fraud or embezzlement. which element of internal accounting controls is related to kristofs way of managing his employees?\n\na. information and communication\n\nb. risk assessment\n\nc. control procedures\n\nd. control environment\n\ne. monitoring

Answer

Brief Explanations:

Segregating duties is a key control procedure in internal accounting controls. It helps prevent fraud by ensuring no single individual has complete control over all aspects of a transaction - handling cash, inventory, and documentation. This separation of tasks is a procedural safeguard.

Answer:

C. control procedures