In the organization structure shown in the text, although both report to the VP of Finance, the treasurer and controller functions should be segregated.

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Quizplus · Accepted Answer

Segregation of duties is a best practice in finance and accounting to prevent any single person from having too much control or access to financial transactions. Separating the treasurer and controller functions provides a system of checks and balances, reducing the risk of errors, fraud, or other financial improprieties. Therefore, even though they report to the same VP of Finance, the treasurer and controller should be separate roles.

In the Organization Structure Shown in the Text, Although Both