QuestionJuly 7, 2025

6. An auditor reviews the segregation of duties within an ERP system. Which duties should be separated? Printing check payments and reconciling the bank account Paying vendor invoices and collecting customer payments C Approving,purchase orders and processing payroll Receiving goods and depositing checks I need to learn this.

6. An auditor reviews the segregation of duties within an ERP system. Which duties should be separated? Printing check payments and reconciling the bank account Paying vendor invoices and collecting customer payments C Approving,purchase orders and processing payroll Receiving goods and depositing checks I need to learn this.
6. An auditor reviews the segregation of duties within an ERP system. Which duties should be separated? Printing check payments and reconciling the bank account Paying vendor invoices and collecting customer payments C Approving,purchase orders and processing payroll Receiving goods and depositing checks I need to learn this.

Solution
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Answer

Printing check payments and reconciling the bank account; Approving purchase orders and processing payroll; Receiving goods and depositing checks should be separated. Explanation 1. Identify Key Duties Segregation of duties is a key internal control that reduces the risk of errors and fraud. It involves separating responsibilities so that no single individual has control over all aspects of any critical transaction. 2. Analyze Each Pair - **Printing check payments and reconciling the bank account**: These should be separated to prevent unauthorized payments. - **Paying vendor invoices and collecting customer payments**: These are unrelated processes, but separation can prevent misappropriation of funds. - **Approving purchase orders and processing payroll**: These should be separated to avoid unauthorized payroll changes or fraudulent orders. - **Receiving goods and depositing checks**: These should be separated to prevent theft or misappropriation of assets.

Explanation

1. Identify Key Duties<br /> Segregation of duties is a key internal control that reduces the risk of errors and fraud. It involves separating responsibilities so that no single individual has control over all aspects of any critical transaction.<br /><br />2. Analyze Each Pair<br /> - **Printing check payments and reconciling the bank account**: These should be separated to prevent unauthorized payments.<br /> - **Paying vendor invoices and collecting customer payments**: These are unrelated processes, but separation can prevent misappropriation of funds.<br /> - **Approving purchase orders and processing payroll**: These should be separated to avoid unauthorized payroll changes or fraudulent orders.<br /> - **Receiving goods and depositing checks**: These should be separated to prevent theft or misappropriation of assets.
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