What is the rationale for the internal control principle, segregation of duties? select one:

a. history has shown that employees are generally dishonest and thus cannot be entrusted with performing related duties.

b. the work of one employee should, without duplication of effort, provide a reliable basis for evaluating the work of another employee.

c. control is most effective when only one person is responsible for a given task.

d. segregation of duties causes companies to hire more employees and thus it supports the economy?

Question

Business

Kaydence Wang

20 July, 09:45

What is the rationale for the internal control principle, segregation of duties? select one:

a. history has shown that employees are generally dishonest and thus cannot be entrusted with performing related duties.

b. the work of one employee should, without duplication of effort, provide a reliable basis for evaluating the work of another employee.

c. control is most effective when only one person is responsible for a given task.

d. segregation of duties causes companies to hire more employees and thus it supports the economy?

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Sherlyn Ross · Answer 1

The rationale for internal control principle, segregation of duties is that the work of one employee should, without duplication of effort, provide a reliable basis for evaluating the work of another employee. Segregation of Duties is a basic building block of sustainable risk management and internal controls for business. It is based on shared responsibilities of a key process that disperses the critical functions of that process to more than one person or department.