Single signee of the cheque book and control of payroll

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Reference no: EM133378820

Question: Payroll Segregation of Duties MEMO Payroll is where most of the fraudulent activity occurs in businesses. Accountants use Segregation of Duties to safeguard company assets. REQUIRED: Research Segregation of Duties and prepare Memo to your company executive. In the Memo you will: 1) Give a definition/ describe Segregation of Duties (SOD). 2) List down 3 types of SOD. 3) Provide a solution for the Red Flag. Is it okay to have one person that has access to bank account, single signee of the Cheque Book and control of Payroll? - discussion should be at least 3 lines.

Reference no: EM133378820

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