Asked by Vanessa Recamadas on May 06, 2024
Verified
The ______________ of an asset should not have access to the accounting records of that asset.
Custody
The protective care or guardianship of someone or something, often used in legal contexts to refer to the care of children or assets.
Accounting Records
Documentation and books that comprise a record of all financial transactions of a business, used for tracking its income, expenses, assets, and liabilities.
- Familiarize with the principle of duties allocation and its impact on minimizing fraud.
Verified Answer
CD
Learning Objectives
- Familiarize with the principle of duties allocation and its impact on minimizing fraud.