Which of the following segregation of duties is not required for the B/AR/CR business process controls to be effective?
A) price authorization and billing
B) treasury and controllership
C) bank reconciliation and cash receipts
D) all of these are required for effective control

Question

Quizplus · Accepted Answer

All of the listed segregation of duties are required for effective control in the B/AR/CR business process. Price authorization and billing segregation ensures that prices charged are correct and accurate, treasury and controllership segregation helps to prevent fraudulent activities from happening, and bank reconciliation and cash receipts segregation ensures that cash received is properly accounted for and deposited.

Which of the Following Segregation of Duties Is Not Required