Petty cash is disbursed by the Fred Haynes in the Cashier's Office.He 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(an)________ segregation of duties.

Question

Quizplus · Accepted Answer

The situation described is an ineffective segregation of duties because Fred Haynes is responsible for multiple roles that should be separated to prevent errors or fraud, such as disbursing cash, maintaining records, and reconciling balances.

Petty Cash Is Disbursed by the Fred Haynes in the Cashier's