Segregation of duties ensures that
A) one employee authorizes and records data for a transaction to ensure accuracy.
B) the work of one employee acts as a check on the work of another employee.
C) employees have access to input, approve, and receive goods into the AIS.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

Segregation of duties is a key internal control that aims to prevent fraud and errors. This is achieved by ensuring that no single individual has control over all aspects of a financial transaction. By having the work of one employee checked by another, errors or fraudulent activities are more likely to be detected. Choices A and C describe scenarios where duties are not adequately segregated, which could lead to a lack of oversight and potential for fraud or mistakes.

Segregation of Duties Ensures That