A REA Diagram Can Be Used to Verify Whether Job

question 64

True/False

A REA diagram can be used to verify whether job functions are properly segregated.

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Definitions:

Principal/Employer

The party in an agency relationship who authorizes another (the agent) to act on their behalf, or the entity that hires employees to perform work.

Liability

[Rephrased again] indicates a party's legal obligation to remedy a loss or damage caused to another, potentially involving restitution or reparations.

Employee

An individual hired by a company or another person to perform work in exchange for compensation.

Tort

A civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.