Which of the following describes the internal control procedure separation of duties?
A)External auditors will monitor internal controls.
B)Cashiers must not have access to accounting records.
C)The information system is critical.
D)Prenumber invoices and other documents.

Question

Quizplus · Accepted Answer

Separation of duties is a control procedure that requires different individuals to be responsible for different aspects of a task, to reduce the risk of errors or fraud. The best example here is that cashiers should not have access to accounting records, as this ensures that one person is not responsible for both handling the cash and keeping track of financial records. The other options, such as external auditors monitoring internal controls or prenumbering documents, are also control procedures, but they do not specifically relate to the principle of separation of duties. The statement about the information system being critical may also be true, but it is not directly related to internal controls or separation of duties.

Which of the Following Describes the Internal Control Procedure Separation