Having different individuals receive cash, record cash receipts, and hold the cash is an example of what?

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Which of the following establishes the procedure to perform product verification...
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Muhammad Farooq
19-December-2018

A. establishment of responsibility.

B. segregation of duties.

C. documentation procedures.

D. independent internal verification.

Accounting Financial Accounting Finance

Question ajoutée par Sultan Alghamdi
Date de publication: 2016/02/19

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emeke Kelvin akpati

par emeke Kelvin akpati , Internal Auditor , HONEYWELL GROUP/ANCHORAGE LEISURE’S LIMITED COMPANY (RADISSON BLU ANCHORAGE HOTEL)

B. Segregation of duties. Accounting controls recommend that duties should be separated so that chances of fraud are reduced.

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MUHAMMAD ETIMAD SYED

par MUHAMMAD ETIMAD SYED , Senior Financial Accountant , TA'AZ Group of Companies

It will be considered as segregation of duties. Option B is correct

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Md. Shahrier Aswad

par Md. Shahrier Aswad , Accounts Officer, Finance & Accounts Department , Center for the Rehabilitaion of the Paralysed (CRP)

Segregation of Duties to Strengthen Internal Control System of Accounting.

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