Question

is an arrangement of duties allocated in such a way of that the work of one person is automatically checked by​

Answer 1

Answer:

Internal Check is an integral function of the internal control system. It is an arrangement of duties of the staff members in such a way that the work performed by one person is automatically and independently checked by the other.

Answer 2

Answer:

Internal Check is an integral function of the internal control system. It is an arrangement of duties of the staff members in such a way that the work performed by one person is automatically and independently checked by the other.

Explanation:

Internal Check is an integral function of the internal control system. It is an arrangement of duties of the staff members in such a way that the work performed by one person is automatically and independently checked by the other.

Following are the main objectives of Internal Check −

• To protect the businesses from carelessness, inefficiency, and fraud.
• To ensure and produce adequate and reliable accounting information.
• To keep moral pressure over staff.
• To minimize the chances of errors and frauds and to detect them easily in the early stage if it is committed.
• To divide the work in such a way that no business transaction should be left unrecorded.
• To fix the responsibility of every clerk according to the division of work.