What Is the Concept Behind Separation of Duties in Establishing

question 125

Multiple Choice

What is the concept behind separation of duties in establishing internal controls?

• A)The company's financial accountant should not share information with the company's tax accountant.
• B)Duties of middle-level managers should be clearly separated from those of top executives.
• C)Employee fraud is less likely to occur when access to assets and access to accounting records are separated.

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Definitions:

Sickle Cell Anemia

A genetic blood disorder characterized by the production of abnormal hemoglobin, resulting in red blood cells that assume a sickle shape, leading to various health complications.

African Americans

A demographic group in the United States with ancestry from any of the black racial groups of Africa.

Platelet Plug Formation

A critical step in the blood clotting process where platelets aggregate at the site of a blood vessel injury to prevent excessive bleeding.

Vasodilation

The widening of the muscular wall of an artery to decrease blood pressure.