_____ is essential for any process that involves the handling of financial transactions so that fraud requires the collusion of two or more parties.
a. Separation of duties
b. Separation of process
c. Separation of hierarchy
d. Separation of analysis
a. Separation of duties
A fundamental concept of good internal controls is the careful separation of duties associated with a key process so that the duties must be performed by more than one person. Separation of duties is essential for any process that involves the handling of financial transactions so that fraud requires the collusion of two or more parties.
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Referring to the accompanying figure, which of the following links should be used to adjust display color quality?
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Answer the following statement true (T) or false (F)
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