The control activity related to not having the same person authorize and pay for goods is known as
A)authorization of transactions and activities.
B)independent checks of performance.
C)segregation of duties.
D)human resource controls.

Question

Quizplus · Accepted Answer

Segregation of duties involves separating the responsibilities of authorizing and paying for goods to ensure that no single person has too much control over a transaction. This is an important control to prevent fraud or errors. Authorization of transactions and activities is a broader control activity that includes approvals for all types of transactions, not just payment. Independent checks of performance and human resource controls are not directly related to the control activity of segregating duties.

The Control Activity Related to Not Having the Same Person