An organization has a policy requiring the dual counting of all incoming cash receipts. Which control activity is being used here?
A) Segregation of duties
B) Proper authorizations
C) Physical safeguards
D) Documents and records

Question

Quizplus · Accepted Answer

Segregation of duties is a control activity used to prevent fraud and errors. This is achieved by having more than one person involved in the processing of transactions. In the case of dual counting of all incoming cash receipts, it ensures that no single individual has control over the entire process, thereby reducing the risk of misappropriation of funds.

An Organization Has a Policy Requiring the Dual Counting of All