Proper segregation of functional responsibilities calls for separation of the
A. Authorization, approval, and custody functions.
B. Authorization, approval, and payment functions.
C. Receiving, shipping, and custodial functions.
D. Authorization, recording, and custodial functions.
Answer:D
This answer is correct because proper segregation of the functional responsibilities requires separation of (1) authorization, (2) recording, and (3) custodial functions (授權(quán)、記錄和保管職能). Incompatible functions are those that place any person in a position both to perpetrate and to conceal errors and irregularities. Thus, those that authorize transactions must be separated from those who account for the transactions and from those who have custody of any related assets.