Internal control activities within the purchasing process, identified as segregation of duties, would include all of the following, except:
A)Responsibility for authorization, custody, and record keeping are to be assigned to different individuals.
B)Duties related to requisitioning, ordering, purchase approval, receiving, inventory control, accounts payable, and general accounting are to be delegated to separate departments or individuals.
C)Complete separation of inventory custody from inventory accounting.
D)Purchasing records and programs must be protected from unauthorized access.

Question

Quizplus · Accepted Answer

Segregation of duties within internal control activities focuses on dividing responsibilities among different individuals or departments to prevent fraud or errors, particularly in authorization, custody, and record keeping. Protecting purchasing records and programs from unauthorized access, while important for internal control, does not directly relate to the segregation of duties principle.

Internal Control Activities Within the Purchasing Process, Identified as Segregation