Explain Why It Is Important to Segregate Duties of Employees

question 107

Essay

Explain why it is important to segregate duties of employees dealing with cash in an organization. Provide an example of ways which this segregation could be made on the payables side

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Definitions:

Self-Control

The capability of regulating emotional states, cognitive processes, and behaviors in situations involving temptations and instinctual drives.

Components

Fundamental parts or elements of a system, machine, or piece of equipment that are essential to its function and operation.

Self-Compassion

Refers to the practice of being kind and understanding to oneself in instances of pain or failure, rather than being harshly self-critical.

Clothing

Items worn on the body, typically made from fabrics or textiles, but can also include items made from animal skin or other thin sheets of materials put together, serving purposes from protection to cultural expression.