What is the concept behind separation of duties in establishing internal controls? Question 10 options:...
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Accounting
What is the concept behind separation of duties in establishing internal controls?
Question 10 options:
| Duties of middle-level managers should be clearly separated from those of top executives. | |
| Employee fraud is less likely to occur when access to assets and access to accounting records are separated. | |
| The company's financial accountant should not share information with the company's tax accountant. | |
| The external auditors of the company should have no contact with managers while the audit is taking place. |
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