The appropriate separation of duties does not include:
A)authorization to execute transactions.
B)recording of transactions.
C)custody of assets involved in transactions.
D)data preparation.

Question

Quizplus · Accepted Answer

The separation of duties requires that different individuals should be responsible for different tasks in a financial transaction. The duties should be divided in a way that ensures that no one person can carry out a transaction from beginning to end without oversight. The authorized person should execute transactions, the recording of transactions should be done by someone else, custody of assets should be with a separate person, and data preparation should also be done by a different individual. Therefore, option D, data preparation, is not an appropriate separation of duty.

The Appropriate Separation of Duties Does Not Include