The owner of the company you audit explains that in order to establish clear lines of responsibility for various aspects of the business, you have held an employee responsible for the purchase, receipt and storage of merchandise. A second employee has full responsibility for maintaining customer receivables and collections records. A third employee is responsible for personnel records, payroll preparation, and distribution of payroll checks. Analyze the company's division of responsibilities. Is the division of responsibilities appropriate to promote adequate segregation of duties? What division of responsibilities do you recommend? Please note that it is recommended that the processes of a transaction be divided between different employees so that a single employee cannot complete the transaction from start to finish. This reduces the risk of an employee committing fraud and covering it up or making a mistake and not detecting it. Your response should include between 150 - 250 words.