Explain why separation of duties is often described as the cornerstone of internal control for safeguarding assets.

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Explain why separation of duties is often described as the cornerstone of internal control for safeguarding assets. Describe what can happen if the same person has custody of an asset and also accounts for the asset.

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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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Question Posted: Dec 10, 2012 04:09 AM

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Explain why separation of duties is often described as the cornerstone of internal control for safeguarding assets.

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Financial accounting

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