Separation of duties refers to auditors not being allowed to perform both audit and nonaudit services for the same client.

Name: Separation of duties refers to auditors not being allowed to perform both audit and nonaudit services for the same client.
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Question

Quizplus · Accepted Answer

Separation of duties is a control principle that ensures no single individual has control over all aspects of a financial transaction, reducing the risk of errors or fraud. It is not specifically about auditors performing audit and nonaudit services.

Separation of Duties Refers to Auditors Not Being Allowed to Perform