Which of these is a fundamental principle of internal control to prevent fraud?

Question

Quizplus · Accepted Answer

Separating duties is a fundamental principle of internal control to prevent fraud. This means that a single person should not have control over all aspects of a transaction, as it could provide them with the opportunity to commit fraud and cover it up. By separating duties, it becomes more difficult for an individual to commit fraud as multiple people are involved in the process. Options B and C are not effective controls as they limit the number of people involved in the transaction, increasing the risk of fraud. Option D is a good control but does not address the issue of separating duties.

Which of These Is a Fundamental Principle of Internal Control