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

Question

Quizplus · Accepted Answer

Separation of duties involves dividing tasks among multiple individuals to prevent any one person from having too much control over a process. In this case, the internal control procedure of not allowing cashiers to have access to accounting records ensures that there is a separation of duties between those who handle cash and those who handle record keeping.

Which of the Following Describes the Internal Control Procedure "Separation