True/False
Separation of duties divides responsibility for a transaction or a series of transactions between two or more individuals or departments.Separation of duties reduces the risk of error and fraud.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q7: A company reported net sales for Year
Q83: What is the purpose of the petty
Q113: Prenumbered printed checks are an example of
Q121: Assume that a buyer receives a shipment
Q124: Fluffy Pet Grooming deposits all cash receipts
Q127: The internal document prepared by a department
Q128: The internal document that is prepared by
Q131: In comparing the canceled checks on the
Q180: On August 17, at the end of
Q194: Two limitations of internal control systems are