What is the concept behind separation of duties in establishing internal control? a. Employee fraud is less likely to occur when access to assets and access to accounting records are separated. b. The company’s financial accountant should not share information with the company’s tax accountant. c. Duties of middle-level managers of the company should be clearly separated from those of top executives. d. The external auditors of the company should have no contact with managers while the audit is taking place.

Auditing: A Risk Based-Approach (MindTap Course List)
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Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
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Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
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What is the concept behind separation of duties in establishing internal control?
a. Employee fraud is less likely to occur when access to assets and access to accounting records are separated.
b. The company’s financial accountant should not share information with the company’s tax accountant.
c. Duties of middle-level managers of the company should be clearly separated from those of top executives.
d. The external auditors of the company should have no contact with managers while the audit is taking place.

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