What is meant by separation of duties

Reference no: EM131519998

Question: 1. What is meant by separation of duties?

2. Who has responsibility for internal control in an organization? According to guidelines set forth in Section 404 of the Sarbanes-Oxley Act, what role does the auditor play in internal control?

3. What are some limitations of internal control?

4. To what does collusion refer?

Reference no: EM131519998

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