An employee authorized to sign cheques may record cash disbursement transactions.

Name: An employee authorized to sign cheques may record cash disbursement transactions.
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

Allowing an employee authorized to sign cheques to also record cash disbursement transactions violates the principle of segregation of duties, which is designed to prevent fraud and errors by ensuring that no single individual has control over all aspects of a financial transaction.

An Employee Authorized to Sign Cheques May Record Cash Disbursement