The mnemonic SPAMSOAP is often used to remember the range of financial control procedures. What does the 'O' stand for in this mnemonic?
A、Operations
B、Organisation
C、Oversight
A、Operations
B、Organisation
C、Oversight
【参考答案及解析】
Rationale: Organisation in this context means identifying reporting lines, levels of authority and responsibility to ensure that everyone is aware of their control responsibilities. The full mnemonic stands for: Segregation of duties； Physical； Authorisation and approval； Management； Supervision； Organisation； Arithmetical and accounting； and Personnel.
Rationale: Organisation in this context means identifying reporting lines, levels of authority and responsibility to ensure that everyone is aware of their control responsibilities. The full mnemonic stands for: Segregation of duties； Physical； Authorisation and approval； Management； Supervision； Organisation； Arithmetical and accounting； and Personnel.