Segregation of duties is a principle that applies to which sections of an organisation?Question 1AnswerSelect one:a.Accountants.b.Office staff who have to deal with money matters.c.Throughout the organisation including office staff, accountants and IT workers.d.Programmers and computer support staff, who could interfere with the accounting information systems.Clear my choice

Select the correct set of accounting functions that must be separated for effective segregation of duties.Select answer from the options belowPlanning, recording, monitoringData input, information output, database storageRecording, authorizing, monitoringRecording, authorizing, custody of assets

Select all that applyEffective internal control over cash requires segregation of duties. Which of the following duties should be segregated?Multiple select question.Accepting credit cards and accepting cashOpening the mail and deposit of checks in the bankOpening the mail and making a list of checks receivedDepositing checks into the bank and recording receipts in the accounting records

Which of the following is an example of general controls?Question 3AnswerSelect one:a.segregation of duties between purchasing manager and purchasing clerkb.segregation of duties between programmers and database administratorsc.physical access to inventory storage roomd.both a and b are correct

When duties cannot be segregated, the most important internal control procedure isSelect one:a.independent verificationb.supervisionc.accounting recordsd.access controls

Accounting is only relevant to profit-oriented organisations. Question 1 Answer True False