Reference no: EM132704279

Problem 1: The segregation of duties framework presented in class requires that which of the following three duties be performed by separate individuals?

a. Specific review, accounting, asset handling

b. Secondary authorization, accounting, depositing

c. Secondary authorization, asset custody, reconciliation

d. Authorization, recording, asset handling

Problem 2: In the segregation of duties framework, who is/are primarily responsible to identify and act on losses arising from the actions of people with custody of assets?

a. Security guard

b. Reconciler

c. Recorder

d. Primary Authorizer

e. b and c

Problem 3: In the segregation of duties framework, who is primarily responsible to evaluate whether the Primary Authorizer doing their job effectively?

a. Custodian of Asset

b. Reconciler

c. Recorder

d. Secondary Authorizer

e. No one - this is not addressed

Problem 4: In the segregation of duties framework, who is primarily responsible to make sure the person who records transactions is doing this effectively, if the recorder also handles assets?

a. Custodian of Assets

b. Reconciler

c. Primary Authorizer

d. Secondary Authorizer

e. No one-this is not addressed