Question: One basic concept of internal control is that no one employee should handle all aspects of a transaction. Assuming that a general category of transactions

One basic concept of internal control is that no one employee should handle all aspects of a transaction. Assuming that a general category of transactions has been authorized by top management, how many employees (or departments) should participate in each transaction, as a minimum, to achieve strong internal control? Explain in general terms the function of each of these employees.

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