Explicitly identifying the different employees who participate in each event by their job functions is helpful when verifying
A)internal controls.
B)job descriptions.
C)proper supervision.
D)segregation of duties.

Question

Quizplus · Accepted Answer

Segregation of duties is a key internal control that helps prevent fraud and errors. This principle requires that no single individual has control over all aspects of a financial transaction. By explicitly identifying the different employees (by their job functions) who participate in each event, an organization can verify that duties are properly segregated to reduce the risk of errors or fraud.

Explicitly Identifying the Different Employees Who Participate in Each Event