The control activity related to NOT having the same person authorize and pay for goods is known as
A) establishment of responsibility.
B) independent check of performance.
C) segregation of duties.
D) rotation of duties.

Question

Quizplus · Accepted Answer

Segregation of duties is a key internal control activity that ensures no single individual has control over all aspects of a financial transaction. This reduces the risk of errors or fraud. In this context, having different people authorize and pay for goods is an example of segregating the duties of authorization and disbursement to prevent misuse of funds.

The Control Activity Related to NOT Having the Same Person