Which of the following duties should be segregated for good internal control?
A) Approval of credit from issuance of sales orders
B) Shipment of goods and entry of shipping transaction data
C) Receipt of cash and maintenance of the cash account
D) All of the above are proper segregation of duties.

Question

Quizplus · Accepted Answer

Segregating duties such as approval of credit from issuance of sales orders, shipment of goods and entry of shipping transaction data, and receipt of cash and maintenance of the cash account helps prevent fraud and errors, ensuring that no single individual has control over all aspects of a financial transaction. This is a fundamental principle of internal control.

Which of the Following Duties Should Be Segregated for Good