ITPEC IP April 2021 Question 65
ITPEC IP April 2021 — Question 65 of 100
Purchasing and payment should not be processed by the same person. Separating these duties ensures that one employee cannot both initiate a purchase and disburse funds without independent verification, reducing fraud and error risk.
Answer (c)
Why not others:
- job descriptions should document scope, roles, and responsibility
- handover documents support continuity and accountability
- system development and operation should generally be separated to provide independent control
Key rule: Effective internal control separates authorization, transaction execution, recording, payment, and custody where their combination creates risk.
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