Proper segregation of duties reduces the opportunities to allow any employee to be in a position to both: Multiple Choice Journalize cash receipts and disbursements and prepare the financial statements. Monitor internal controls and evaluate whether the controls are operating as intended. Adopt new accounting pronouncements and authorize the recording of transactions. Record and conceal fraudulent transactions in the normal course of assigned tasks.

Question

Business

Levi Adkins

19 July, 11:12

Proper segregation of duties reduces the opportunities to allow any employee to be in a position to both: Multiple Choice Journalize cash receipts and disbursements and prepare the financial statements. Monitor internal controls and evaluate whether the controls are operating as intended. Adopt new accounting pronouncements and authorize the recording of transactions. Record and conceal fraudulent transactions in the normal course of assigned tasks.

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Mylee Padilla · Answer 1

The correct answer is letter "D": Record and conceal fraudulent transactions in the normal course of assigned tasks.

Explanation:

In the corporate world, segregation of activities refers to assigning a determined number of duties to each employee according to their qualifications and skills. In such a way, the firm ensures the workers' duties are limited which reduces the possibilities of fraud to take place.

However, these causes automation and does not allow employees to develop other of their skills. A suitable rotation system would prevent both fraudulent transactions and workers' automation.