Segregation of Duties Consists of Separating the Four Functions of Authorizing

question 43

Short Answer

Segregation of duties consists of separating the four functions of authorizing events, ______________________________ events, ______________________________ events, and safeguarding the resources resulting from consummating the events.

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Definitions:

Principle-Based Statement

A declaration or assertion that is grounded in established principles or fundamental truths.

Code of Ethics

A set of principles and standards that guides ethical professional conduct and decision making within an organization.

Ethical Tolerances

The degree to which behavior deviating from ethical norms is accepted or allowed within a group, organization, or society.

Ethics Ombudsperson

An official given the responsibility of corporate conscience who hears and investigates ethical complaints and informs top management of potential ethical issues.