Explain in your own words why separation of duties is such an important procedure for safeguarding assets.

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Explain in your own words why separation of duties is such an important procedure for safeguarding assets. Describe what can happen if the same person has custody of an asset and also accounts for it.

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Financial Accounting

ISBN: 978-0135012840

7th edition

Authors: Walter T. Harrison, Charles T. Horngren

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Question Posted: Aug 04, 2016 10:20 AM

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Explain in your own words why separation of duties is such an important procedure for safeguarding assets.

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Separation of Duties may be essential a result it insures that more than one representative may be ...View the full answer

Financial Accounting

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