When There Is Proper Segregation of Duties, the Likelihood of Fraud

question 172

Short Answer

When there is proper segregation of duties, the likelihood of fraud is reduced so that an employee attempting to carry out a fraudulent scheme would have to work in ____________________ with another employee.

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Definitions:

Sheriff

An elected official in a county or independent city responsible for keeping peace and enforcing the law, often involved with serving legal documents and managing jails.

Subrogation

The legal right for insurers to pursue a third party that caused an insurance loss to the insured.

Guarantor

A person or entity that agrees to be responsible for another's debt or performance under a contract if the original party defaults.

Debtor's Obligation

A debtor's legal responsibility to repay a debt as agreed upon with the creditor.