Separation of duties refers to:
A) Making each manager personally responsible for his/her department.
B) Keeping functions across different departments separate.
C) Preventing top management and lower-level employees from interacting.
D) Individuals who have physical responsibility for assets should not also have access to accounting records.
Correct Answer:
Verified
Q12: What is the concept behind separation of
Q13: Fraudulent reporting by management could include:
A)Fictitious revenues
Q14: Which employees have an impact on the
Q15: The components of internal control do not
Q16: The act of collusion refers to:
A)Top management
Q18: Which of the following does not represent
Q19: Which of the following is an example
Q20: Which of the following best describes the
Q21: Which of the following would not be
Q22: Which of the following would NOT represent
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