Petty cash is disbursed by the Manuela Luisina in the Cashier's Office.Manuela also maintains records of disbursements,places requests to the Finance Department to replace expended funds,and periodically reconciles the petty cash balance.This represents a(n)________ segregation of duties.

Question

Quizplus · Accepted Answer

Having the same individual handle disbursement, record-keeping, fund replenishment requests, and reconciliation does not effectively segregate duties, increasing the risk of errors or fraud.

Petty Cash Is Disbursed by the Manuela Luisina in the Cashier's