In Manual Procedures, the Segregation of Duties ________

question 54

Multiple Choice

In manual procedures, the segregation of duties ________.

• A) reduces risk
• B) increases risk by creating blind spots
• C) increases risk by reducing accountability
• D) can only be done safely through information technology

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Definitions:

Partnership

An approved manner of conducting business that involves multiple people sharing control and profits.

Loss On Realization

The loss recognized when assets are sold for less than their carrying amount during the liquidation of a company.

Noncash Assets

Assets that cannot be easily converted into cash, such as machinery, buildings, and inventory.

Capital Balances

The amount of money contributed to a company by its owners or shareholders plus retained earnings.