One of the key objectives of segregating duties is to

A) ensure that no collusion will occur.

B) achieve an optimal division of labor for efficient operations

C) make sure that different people handle different transactions.

D) make sure that different people handle different parts of the same transaction

B

Explanation:

Segregation of duty is the act of breaking down a system of operation or a task into many stages rather than one person taking charge.

It is mostly used in the internal control system as a way of putting the activities of staff under check in order to prevent fraud as the action of a particular staff or member will still pass through another and non-compliance to standard can easily be detected.

Therefore, it is not just to break down operation into different stages but to achieve an optimal division of labor for efficient operation.

Answer: the correct option is D.

Explanation: Segregation of Duties is the concept whereby more than one person required to complete a given task.

The segregation of duties concept acts to prohibit the assignment of responsibility to just one person for the purchasing of assets, their custody, and the related record keeping.

What this means is that when one person places an order to buy an asset, a different person will record the transaction in the accounting records.

What will happen by implementing this is that fraud is prevented by making sure that at least two individuals are responsible for the separate parts of any task.