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2.2 Payroll Segregation of Duties MEMO Payroll is where most of the fraudulent activity occurs in businesses. Accountants use Segregation of Duties to safeguard company
2.2 Payroll Segregation of Duties MEMO Payroll is where most of the fraudulent activity occurs in businesses. Accountants use Segregation of Duties to safeguard company assets. REQUIRED: Research Segregation of Duties and prepare a Memo to your company executive. In the Memo you will: 1) Give a definition/ describe Segregation of Duties (SOD). 2) List down 3 types of SOD. 3) Provide a solution for the Red Flag. Is it okay to have one person that has access to bank account, single signee of the Cheque Book and control of Payroll? - discussion should be at least 3 lines
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