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Which of the following duties could be performed by the same individual and not violate segregation of duty controls?
A) handling cash and posting to customer accounts
B) issuing credit memos and maintaining customer accounts
C) handling cash and authorizing credit memos
D) handling cash receipts and mailing vendor payments
d

Sagot :

rafikiedu08

Handling cash receipts and mailing vendor payments could be performed by the same individual and not violate segregation of duty controls. So, the correct answer is option D.

By guaranteeing that at least two people are in charge of the various components of each task, segregation of duty (SoD) is an internal control that aims to avoid fraud and error. To ensure that no one person has complete authority, SoD entails dividing work that may theoretically be accomplished by one person into several tasks.

Separation of duties, commonly referred to as segregation of duties, is a crucial component of an enterprise control system. To avoid one person having excessive or sole authority and then abusing that control for evil or unlawful objectives, such as committing fraud or embezzling corporate funds, the concept is to divide up a work or transaction into separate sections and allocate them to multiple persons.

To know more about Segregation of duty visit:

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