Three key duties must always be separated under a good system of internal controls:
A)asset handling,record keeping and transaction approval.
B)asset handling,hiring and safeguarding of assets.
C)asset handling,recordkeeping and safeguarding of assets.
D)record keeping,transaction analysis and transaction approval.

Question

Quizplus · Accepted Answer

The three key duties that must be separated under a good system of internal controls are asset handling, record keeping, and transaction approval to prevent fraud and errors.

Three Key Duties Must Always Be Separated Under a Good