Go back to CPA - Certified Public Accountant

Question :-

Proper segregation of duties reduces the opportunities to allow any employee to be in a position to both:
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.

Want to practice for CPA - Certified Public Accountant ? Click here.