Proper Segregation of Duties Requires That the Responsibility Approving a Payment

question 11

True/False

Proper segregation of duties requires that the responsibility approving a payment be separated from posting to the cash disbursements journal.

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Definitions:

Mean Square

A statistical measure used to describe the dispersion of values in a data set, typically calculated by dividing the sum of the squares of deviations from the mean by the number of observations.

Error

In statistics, error refers to the difference between a measured or inferred value and its true value.

Variable

A characteristic of interest for the elements.

T Test

A statistical test used to compare the means of two groups to determine if there is a significant difference between them.