Separation of Duties Divides Responsibility for a Series of Transactions

question 93

True/False

Separation of duties divides responsibility for a series of transactions between two or more employees or departments. Despite the increased complexity, separation of duties reduces the risk of error and fraud.

---

Definitions:

Initiation

The process or ceremony that marks the acceptance of an individual into a group or society, often involving specific rituals or tasks.

Meta-analytic

A research method that combines the results of multiple studies to arrive at a comprehensive conclusion.

Cohesion

The degree of camaraderie or bond among members of a group, contributing significantly to its unity and functional success.

Performance

Refers to the act of executing a task or function, often measured against preset known standards of accuracy, completeness, cost, and speed.