Which of the Following Is Incorrect Concerning the Segregation of Duties

question 30

Multiple Choice

Which of the following is incorrect concerning the segregation of duties within an organisation?

• A)All accounting records can generally be kept by the same person.
• B)The various steps involved in executing a transaction should be separated.
• C)The responsibility for executing a transaction, recording it and maintaining custody of resulting assets should be assigned to different individuals or departments.
• D)All of the above are correct statements.

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