The assignment of tasks so that the work of one employee acts as a check on the work of another employee is known as:
A) custodianship of assets.
B) process control.
C) division of responsibility.
D) collusion.

Question

Quizplus · Accepted Answer

Division of responsibility involves assigning tasks to different employees in a way that creates a system of checks and balances. This ensures that no single employee has complete control over a process or transaction, reducing the risk of errors, fraud, or other types of misbehavior. Custodianship of assets refers to the responsibility of safeguarding assets, while process control refers to the systems and procedures used to manage operations. Collusion is a form of fraud in which two or more individuals work together to deceive others, often by hiding their wrongdoing or stealing assets.

The Assignment of Tasks So That the Work of One