List the key segregation of duties in the human resource management process. What errors or fraud can occur if such duties are not segregated?
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total answers (1)
total answers (1)
Accounting
- If there is a single person in the charge of supervision, personal records, and payroll processing functions, he may create some fictitious employees and make fictitious parents which lead to unauthorized payment
- If there is a single person in charge of supervision, personal records, and disbursement function, he may issue some fictitious paychecks and make fictitious payments which lead to unauthorized payment
- If there is a single person in charge of payroll processing function and general ledger function, he may manipulate the general ledger which may not be normally detected by the account. He may also embezzle various entire which may not be disclosed
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