Separation of duties divides responsibility for a transaction or a series of transactions between two or more individuals or departments.Separation of duties reduces the risk of error and fraud.

Question

Quizplus · Accepted Answer

Separation of duties is a key internal control mechanism that prevents any one individual from having too much control over a transaction or series of transactions. By dividing responsibility among multiple parties, the risk of error or fraud is reduced, as each person or department serves as a check and balance for the others.

Separation of Duties Divides Responsibility for a Transaction or a Series