Mukund Hospital is a multi-speciality hospital which has been facing a lot of pilferage and troubles regarding their inventory maintenance and…
CA Final · Advanced Auditing, Assurance and Professional Ethics · MTP · May 2025
Mukund Hospital is a multi-speciality hospital which has been facing a lot of pilferage and troubles regarding their inventory maintenance and control. On investigation into the matter, it was found that the person in charge of inventory inflow and outflow from the store house is also responsible for purchases and maintaining inventory records. Which basic system of control has been violated?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
Segregation of Duties.
Topics: Digital Auditing & Assurance
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