Answer:
The options for answering this question are the following:
A) Physical controls
B) Separation of duties
C) Use of prenumbered documents
D) Fidelity bonding
The correct answer is B) Separation of duties .
Explanation:
Separation of duties is a key concept of internal controls. Greater protection against fraud and errors must be balanced with the increasing cost and effort required.
Separation of duty, as a security principle, has as its primary objective the prevention of fraud and errors. This objective is achieved by disseminating the tasks and privileges associated with a specific business process among multiple users. This principle is demonstrated in the traditional example of separation of duty in the requirement of two signatures on a check.
