Q) In the following situation, which internal control procedure needs strengthening?Santhom Inc. does not have a separate accounting department. Its operating departments are also responsible for recording transactions in the books of accounts of the company apart from their main operations.

A. assignment of responsibilities
B. competent, reliable, and ethical personnel
C. separation of duties
D. documents

Q) As a part of the internal control over cash receipts by mail, the mailroom sends both the customer checks and the remittance advices to the accounting department.

True
False

Q) The cash balance in a company's general ledger and the bank's balance on the bank statement will always be the same.

True
False

Q) Two or more people working together to circumvent internal controls and defraud a company is known as:

A. encryption.B. collusion.C. firewalls.D. separation of duties.