contestada

At Radiant, Inc., the sales department is also responsible for recording cash transactions as it does not have a separate accounting department. Which internal control procedure needs strengthening?
A) assignment of responsibilities
B) competent, reliable, and ethical personnel
C) separation of duties
D) documents

Respuesta :

saleemdilawar

Answer:

C) Separation of Duties

Explanation:

Separation of Duties or Segregation of duties is an internal control system which prohibits a single person carrying out all the actions or tasks related to a transaction. For Example same person should not place the order and make payment for it. There should be two different people for placing the order and making payment for the order.

Separation of duties ensures less mistakes and fraud. Its a technique to mitigate the risk for mistakes and fraud.  

Otras preguntas