Those who handle cash should not have access to the related accounting records.

Question

Quizplus · Accepted Answer

This separation of duties is part of internal controls to reduce the risk of fraud or errors. When the same person handles both cash and accounting records, they have the opportunity to manipulate or conceal financial information. Therefore, it is important to have different individuals in charge of these tasks to ensure accountability and accuracy.

Those Who Handle Cash Should Not Have Access to the Related