An Objective of Segregation of Duties Is to Structure the Organization

question 69

Essay

An objective of segregation of duties is to structure the organization so that the perpetration of a fraud requires collusion between two or more individuals.What must a company do to achieve this objective? Why?

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Definitions:

Regular-interest

The standard or typical interest rate applied to savings or investment accounts, calculated over a set period.

Invested

The method of placing financial resources in expectation of yield or profit.

Compounded Semi-annually

This refers to the process of applying interest to an initial sum plus any previously earned interest, and this action occurs twice a year.

Compounded Quarterly

Refers to the process of calculating and adding interest to the principal balance four times a year.