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Operating control over the check signature plate normally should be the responsibility of the?

1) Secretary
2) Chief accountant
3) Vice President of Finance
4) Treasurer

User Tebogo
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1 Answer

4 votes

Final answer:

The Treasurer is most appropriately responsible for the operating control over the check signature plate because it aligns with their role in managing financial transactions and safeguarding the company's assets.

The correct option is 4.

Step-by-step explanation:

The question is asking who should have the operating control over the check signature plate within an organization. In business settings, more specifically corporate governance, responsibilities for financial controls and safeguarding assets typically fall under a treasurer's role.

The treasurer is considered to be the most appropriate person to be in charge of the check signature plate because their job encompasses the management and oversight of the company's financial transactions and assets.

The secretary may handle a wide range of administrative tasks, and a chief accountant is responsible for overseeing accounting records and operations. However, the treasury function, which includes cash management and safeguarding of assets, aligns closely with the responsibilities surrounding check signing authority.

The Vice President of Finance could also be a contender, but they are typically more focused on strategic financial planning and oversight, not day-to-day transaction controls.

Therefore, the correct answer is: 4) Treasurer. The treasurer's control over the check signature plate helps ensure that there is proper segregation of duties, which is a critical component of effective internal controls and corporate governance.

The correct option is 4.

User Marc Sigrist
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