Having different individuals receive cash, record cash receipts, and hold the cash is an example of

Name: Having different individuals receive cash, record cash receipts, and hold the cash is an example of
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Segregation of duties refers to the practice of dividing responsibilities for different tasks among multiple employees to reduce the risk of errors and fraud. Having different individuals receive cash, record cash receipts, and hold the cash is an example of segregation of duties.

Having Different Individuals Receive Cash, Record Cash Receipts, and Hold