The Director of information Technology for Banco de la Banco (New York branch of a...
60.1K
Verified Solution
Link Copied!
Question
Accounting
The Director of information Technology for Banco de la Banco (New York branch of a foreign bank), formed a company to sell computer supplies and software. All purchases made on behalf of the Bank were made from her company. She was later charged with fraud for overcharging the Bank, but was not convicted by a jury. The control issue in the case arose because the director had both _____ and ____ duties.
A. Custody; authorization
B. Custody; recording
C. Recording; authorization
D. Management; Custody
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
