The following duties should always be segregated.
A)Purchasing of goods and receiving of goods
B)Purchasing of goods and payment of the invoice
C)Purchasing of goods, receiving of goods, and approving and paying for goods
D)All of the above

Question

Quizplus · Accepted Answer

Segregation of duties is a key internal control to prevent fraud and errors. All the listed duties should be segregated to ensure that no single individual has control over all aspects of a transaction, which helps in reducing the risk of unauthorized or inappropriate actions.

The Following Duties Should Always Be Segregated