Electronic authorization privileges for cash transactions may be best assigned to individuals based on

Question

Quizplus · Accepted Answer

Assigning electronic authorization privileges based on roles and activities falling within appropriate segregation of duties can help ensure that no one person has too much control over cash transactions and prevent fraud. Identification cards or encrypted passwords can be useful additional measures, but they are less effective on their own. The principle of "absolute knowledge" is not a practical or realistic approach to assigning authorization privileges.

Electronic Authorization Privileges for Cash Transactions May Be Best Assigned