Compensating controls in the finance and investment cycle
A) Feature separation of duties by upper management.
B) Feature involvement of two or more persons handling all important responsibilities.
C) Include involvement by the external auditor.
D) Include all the above.

Question

Quizplus · Accepted Answer

Compensating controls often involve having two or more individuals handle important responsibilities to reduce the risk of errors or fraud, especially when ideal controls like separation of duties cannot be fully implemented.

Compensating Controls in the Finance and Investment Cycle