Different people should perform various accounting duties to minimize errors and the opportunities for fraud.

Name: Different people should perform various accounting duties to minimize errors and the opportunities for fraud.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Segregation of duties is a key internal control that helps to minimize errors and reduce the risk of fraud by ensuring that no single individual has control over all aspects of a financial transaction.

Different People Should Perform Various Accounting Duties to Minimize Errors