Which internal control procedure addresses the idea that the likelihood of employee fraud or theft is reduced if collusion is required to accomplish it?
A)Separation of duties.
B)Physical controls.
C)Fidelity bonding.
D)Use of prenumbered documents.

Question

Quizplus · Accepted Answer

Separation of duties involves ensuring that no single individual has control over all aspects of a transaction or business process. This reduces the likelihood of employee fraud or theft, as collusion between multiple individuals would be required to accomplish it.

Which Internal Control Procedure Addresses the Idea That the Likelihood