Vaughn Services hires a new accountant to maintain its petty

Vaughn Services hires a new accountant to maintain its petty cash fund. Although the employee possesses an accounting degree, he/she had been previously convicted of embezzlement

Which internal control procedure needs to be addressed in the above situation?
A) assignment of responsibilities
B) competent, reliable, and ethical personnel
C) separation of duties
D) documents

ANSWER

B