Duties that should be segregated are authorization of transaction and other events, custody of assets, and modification or creation of related data and program files.

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Segregation of duties is an important internal control measure to prevent fraud or errors. The three duties that should be segregated are authorization, custody, and record-keeping. By segregating these duties, it minimizes the risk of any one person having complete control over a transaction or asset, which helps prevent or detect errors or fraud.

Duties That Should Be Segregated Are Authorization of Transaction and Other