An accounts payable clerk also has cheque signing authority.Which control procedure is violated?
A)assignment of responsibility
B)review and reconciliation
C)documentation
D)segregation of duties

Question

Quizplus · Accepted Answer

Segregation of duties is violated because having the same person responsible for accounts payable and also having cheque signing authority creates a conflict of interest and lacks checks and balances, increasing the risk of fraud or errors.

An Accounts Payable Clerk Also Has Cheque Signing Authority