Electronic authorization privileges for cash transactions may be best assigned to individuals based on which of the following?
A)Roles and activities falling within appropriate segregation of duties.
B)Identification cards with picture identification.
C)Encrypted passwords memorized by employees.
D)The principle of "absolute knowledge."

Question

Quizplus · Accepted Answer

Roles and activities falling within appropriate segregation of duties ensures that no single individual has full control over cash transactions, reducing the risk of fraud or error. Identification cards, passwords, and absolute knowledge may also be useful in the authorization process, but alone they do not guarantee appropriate segregation of duties.

Electronic Authorization Privileges for Cash Transactions May Be Best Assigned