Which of the following is an accurate statement relating to separation of duties?
A. Management should deny cash access to anyone responsible for entering sales and cash receipts transaction information into the computer.
B. All disagreements on the monthly statements should be directed to a designated person who has no responsibility for handling cash or recording sales or accounts receivable.
C. The credit granting function should be separate from the sales function.
D. All of the above are accurate statements.
Answer:D
Which of the following is an accurate statement relating to separation of duties?
A. Management should deny cash access to anyone responsible for entering sales and cash receipts transaction information into the computer. B. All disagreements on the monthly statements should be directed to a designated person who has no responsibility for handling cash or recording sales or accounts receivable. C. The credit granting function should be separate from the sales function. D. All of the above are accurate statements.