In a good system of internal control, the person who initiates a transaction should be allowed to effectively control the processing of the transaction through its final inclusion in the accounting records.

Question

Quizplus · Accepted Answer

In a good system of internal control, there should be segregation of duties, which means that the person who initiates a transaction should not be the same person who controls its processing and inclusion in the accounting records. This helps prevent fraud, errors, and inconsistencies in the financial records. Therefore, option A is not correct.

In a Good System of Internal Control, the Person Who