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.

Question

Quizplus · Accepted Answer

Separation of duties means that individuals who have physical responsibility for assets, such as inventory or cash, should not also have access to accounting records. This helps prevent opportunities for fraud or errors. Choices A, B, and C do not accurately describe separation of duties.

Separation of Duties Refers To