Proper Separation of Duties Reduces the Opportunity for Persons to Be

question 45

Multiple Choice

Proper separation of duties reduces the opportunity for persons to be in positions to both

• A) Journalize entries and prepare financial statements.
• B) Record cash receipts and cash disbursements.
• C) Establish internal controls and authorize transactions.
• D) Perpetrate a fraud and then conceal it in the books.

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Definitions:

Authentic Leadership

A leadership style characterized by genuine, transparent, and ethical behavior, where leaders are true to themselves and prioritize open communication with their followers.

Open

Usually denotes a state or condition that is accessible, not closed or restricted; in the context of communication or data, it suggests availability for access by all.

Trusting Relationship

A relationship characterized by confidence, reliance, and belief in the integrity, strength, and ability of a person or entity.

Loyalty and Commitment

The dedication and allegiance individuals show towards an organization, team, or leader, often contributing to long-term success.