In Order to Have the Segregation of Duties Recommended by COSO

question 80

Multiple Choice

In order to have the segregation of duties recommended by COSO, it would be necessary for a small organization to hire two additional individuals.At this time, there is not enough work for the one office employee to stay busy.The reason for not hiring the additional people would have to do with:

• A)Human error
• B)Cost versus benefit
• C)Collusion
• D)Authorization

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Definitions:

Cruel and Unusual Punishment

Punishment prohibited by the Eighth Amendment to the United States Constitution, including torture or other forms of punishment too severe for the crime committed.

Extortion

The criminal act of obtaining money, property, or services from an individual or institution through coercion.

Shoplifting

A criminal act of stealing goods from a retail establishment without paying for them.

Sarbanes-Oxley Act

A federal law enacted in 2002 to protect investors from fraudulent accounting activities by corporations.