What is the rationale for the internal control principle, segregation of duties?
A)History has shown that employees are generally dishonest and thus cannot be entrusted with performing related duties.
B)The work of one employee should, without duplication of effort, provide a reliable basis for evaluating the work of another employee.
C)Control is most effective when only one person is responsible for a given task.
D)Segregation of duties causes companies to hire more employees and thus it supports the economy.

Question

Quizplus · Accepted Answer

Segregation of duties ensures that no single employee has control over all aspects of a financial transaction, reducing the risk of errors and fraud by providing a system of checks and balances.

What Is the Rationale for the Internal Control Principle, Segregation