Question
Proper segregation of duties requires that an individual Only one person should be responsible for a single transaction from start to finish. Recording sales transactions
Proper segregation of duties requires that an individual
Only one person should be responsible for a single transaction from start to finish.
Recording sales transactions must not record expense transactions.
Recording a transaction must also maintain custody of the asset involved in the transaction.
Authorizing a transaction must not maintain custody of the related asset.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
