Basic segregation of duties requires the credit manager reports to the ________ and the treasurer report to the ________.

Question

Quizplus · Accepted Answer

Basic segregation of duties requires that the credit manager reports to the treasurer to ensure that credit decisions are made independently of cash management decisions. The treasurer, in turn, reports to the vice president of finance to ensure that cash management decisions are made independently of financial reporting decisions. Therefore, option B is the best choice as it satisfies the basic segregation of duties principle.

Basic Segregation of Duties Requires the Credit Manager Reports to the ________