Asked by
Cayden Branch
on Nov 14, 2024
Verified
An employee who makes a sale, ships the goods, and bills the customer violates which control activity?
A) review and reconciliation
B) documentation
C) segregation of duties
D) assignment of responsibility
Segregation of Duties
A key internal control that aims to reduce the risk of fraud and error by dividing responsibilities among different people or departments.
Employee
An individual who works part-time or full-time for another person or company in exchange for salary or wages.
- Understand the significance of dividing responsibilities and how it influences the prevention of fraud and mistakes in financial reports.
Verified Answer
MS
Learning Objectives
- Understand the significance of dividing responsibilities and how it influences the prevention of fraud and mistakes in financial reports.
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