Question

29) The custodian of a company asset should
a. have access to the accounting record for that asset
b. be someone outside the company
c. not have access to the accounting record for that asset
d. be an accountant

Answer 1

The answer is (a.) have access to the accounting record for that asset
A company custodian is a financial institution responsible for the customer’s security for safekeeping to minimize the risk of their loss or theft. The custodian also holds securities and other electronic or physical form of assets.