The responsibility for ordering receiving and paying for merchandise should be assigned to different individuals.

Question

Quizplus · Accepted Answer

Separation of duties is an important internal control measure that helps to prevent fraud and errors. By assigning different responsibilities to different individuals, there is a greater level of oversight and accountability in the purchasing process. This reduces the risk of mistakes or malfeasance, and helps to ensure that purchases are made in accordance with company policy and budget constraints.

The Responsibility for Ordering Receiving and Paying for Merchandise Should