Internal control is a function of management, and effective control is based upon the concept of charge and discharge of responsibility and duty. The implementation, monitoring, and evaluation of internal control systems are described in-depth in the Sarbanes-Oxley Act of 2002. Which of the following principles is one of the overriding principles of internal control?
A. Responsibility for accounting and financial duties should be assigned to one responsible officer.
B. Responsibility for the accounting duties must be borne by the audit committee of the company.
C. Responsibility for the performance of each duty must be fixed.
D. Responsibility for accounting activities and duties must be assigned only to employees whoare bonded.