Question: Why do auditors and accountants place such a high emphasis on segregation of duties? What kinds of segregation of duties are important in accounting applications?

Why do auditors and accountants place such a high emphasis on segregation of duties? What kinds of segregation of duties are important in accounting applications? Give an example of a segregation of duties you might recommend for the cash receipts process.

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Segregation of duties is the separation of functions across individuals such that one individual is ... View full answer

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