Discussion
__________ is a system of allocation of responsibility, division of work, and methods of recording transactions, whereby the work of an employee is checked continuously by another
Answer: B
The answer is internal check. Internal check is a system of allocating responsibility, dividing work and fixing methods of recording transactions in such a way that the work of one employee is checked continuously by another, so that errors and fraud are detected at once. Internal control is the wider framework, internal audit is a separate review done by or for management, and an internal report is merely a document.
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