ACCA · Question 13 · Syllabus C: Business functions, regulation and technology
Section A
PayStream is a fully automated fintech company. To prevent internal fraud, the system is configured so that the employee who sets up a new vendor account in the database cannot be the same employee who authorizes payments to that vendor. Which fundamental internal control principle is PayStream applying?
Answer options:
Physical controls
Segregation of duties
Arithmetic and accounting controls
Management controls
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