Question

Joe is a warehouse custodian and also maintains the accounting record of the inventory held at the warehouse. An assessment of this situation indicates:
(a)-documentation procedures are violated.
(b)-segregation of duties is violated.
(c)-independent internal verification is violated.
(d)-establishment of responsibility is violated.

Answer 1

Answer:

Letter B is correct

Explanation:

Segregation of duties occurs when duties and responsibilities are separated between employees of an organization. There are functions within a company where segregation is most common, usually in positions that require special permits, approvals, reviews, and registrations which is what happens in the matter. It is used to prevent conflicts between personal interests, mistakes and fraud.