Proper segregation of functional responsibilities calls for separation of the functions of
A. Authorization, execution, and payment.
B. Authorization, recording, and custody.
C. Custody, execution, and reporting.
D. Authorization, payment, and recording.
Answer:B
Proper segregation of functional responsibilities calls for separation of the functions of
A. Authorization, execution, and payment. B. Authorization, recording, and custody. C. Custody, execution, and reporting. D. Authorization, payment, and recording.