CIMA BA3 · Chapter 8 · Question 2 of 10
Which of the following is an example of segregation of duties?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The employee who records cash receipts in the cash book is not the employee who banks the cash
Explanation
Segregation of duties splits the recording, custody and authorisation of a transaction between different people, so that one person cannot both commit and conceal a fraud. Dual signatures are an authorisation control, passwords are an access control and inventory counts are a physical verification control.
More Control of accounting systems MCQs
- Q4Which of the following statements about internal audit is correct?
- Q5A cashier steals money received from customer A, then uses money later received from customer B to clear customer A's account, and so on…
- Q6Which of the following is best described as a detective control rather than a preventive control?
- Q7Which of the following is an authorisation control over purchases?
- Q8Which of the following is an example of an access control in a computerised accounting system?