Explain in your own words why separation of duties is often described as the corner-stone of internal

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Explain in your own words why separation of duties is often described as the corner-stone of internal control for safeguarding assets. Describe what can happen if the same person has custody of an asset and also accounts for the asset.

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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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Question Posted: Apr 29, 2014 02:35 AM

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Explain in your own words why separation of duties is often described as the corner-stone of internal

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Separation of duties helps prevent employees from being able to steal assets and then cove...View the full answer

Financial Accounting

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