An
accountant at a South African textile company discovers that the same
individual is responsible for requesting raw materials, authorising their
transfer, and recording the transaction in the inventory system. What is the most
significant business risk associated with this lack of segregation of duties?

Question

Answer

Increased risk of undetected theft or errors in inventory records.

Answer

Enhanced communication between departments as a result of increased
efficiency.

Answer

Decreased efficiency in the speed at which raw materials are processed.

Answer

Reduced documentation
for auditors to review, resulting in audits that give more reliance.

Crowdly

An accountant at a South African textile company discovers that the same indivi...

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