Separation of Duties Refers to Auditors Not Being Allowed to Perform

question 156

True/False

Separation of duties refers to auditors not being allowed to perform both audit and nonaudit services for the same client.Separation of duties is where individuals who have physical responsibility for assets should not also have access to accounting records.

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Definitions:

Compliant Agent

An entity or individual that agrees with and follows specific instructions, rules, or regulations set by an authority.

Reluctant Agent

A person or entity that acts with hesitation or unwillingness, typically in a scenario requiring action or decision-making.

Social Reference

The use of external sources, such as people or standards, to guide behavior and attitudes.

Legitimate Parent

A parent who has legal recognition as the lawful mother or father of a child, often in the context of marital status or legal acknowledgment.