For proper flow in a working organization internal control system must be set up. By which the company maintain its standards, policy and procedures continued to be implied on it employees and colleagues. Size, nature of business and activities of the company differ from company to company, where the process of procedures and policy come along. To determine: The responsibilities for related transactions which should be divided between different departments or individuals.

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Chapter 6, Problem 3DQ

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Introduction: For proper flow in a working organization internal control system must be set up. By which the company maintain its standards, policy and procedures continued to be implied on it employees and colleagues. Size, nature of business and activities of the company differ from company to company, where the process of procedures and policy come along.

To determine: The responsibilities for related transactions which should be divided between different departments or individuals.

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