A client of your firm has come to you with the following problem. It has three clerical employees who must perform the following functions:

a. Maintain the general ledger (G/L) master file

b. Maintain the accounts payable ledger (A/P) master file

c. Maintain the accounts receivable ledger (A/R) master file

d. Handle and send disbursements (vendor payments)

e. Issue credits on returns and allowances

f. Reconcile the bank account

g. Handle and deposit receipts (customer payments)

A. What is the key to preventing fraud when assigning duties to employees?

B. Decide whether each of the above seven jobs is a custody, recording, or authorization function.