Which of the following is not an example of incompatible duties?
A) the authorized check signer prepares the bank reconciliation.
B) the individual who prepares the bank deposit also takes it to the bank.
C) the individual who approves the vouchers signs and mails the checks.
D) the warehouse manager maintains the perpetual inventory records.
E) the individual who processes cash remittances from customers also has authority to approve and record credits to customers' accounts for sales returns and allowances or write-offs.

Question

Quizplus · Accepted Answer

B) The individual who prepares the bank deposit also taking it to the bank does not inherently represent incompatible duties, as both tasks are part of the cash handling process and do not involve a conflict of interest or a significant risk of fraud when performed by the same person.

Which of the Following Is Not an Example of Incompatible