Match the Segregation of Duties for Investments with the Misstatement

question 27

Multiple Choice

Match the segregation of duties for investments with the misstatement (due to error or fraud) it can help prevent. 
-The valuation-monitoring function is separate from the acquisition function

• A)An individual can improperly record securities values or not report the values to management
• B)An individual can conceal a theft of securities
• C)An individual can conceal any defalcation that would normally be detected by reconciliation of subsidiary records with general ledger control accounts
• D)An individual can make fictitious transactions

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Definitions:

Intergroup Conflict

A situation where members of different groups or teams within an organization experience disagreement or discord, often arising from competition for resources or differing goals.

Organizational Loyalty

The commitment, allegiance, or fidelity an employee exhibits towards their organization, often reflected in their willingness to work towards the company's objectives.

Functional Conflict

Functional conflict involves disagreements or disputes that lead to positive outcomes, such as enhanced problem-solving, creativity, and improved group performance.

Better Awareness

Improved recognition and understanding of one's environment, emotions, or the implications of actions.