Which of the following best reflects segregation of duties in Sports Fund administration?

Type: MCQ • Marks: 1

A. One person authorises, purchases, records and verifies everything

B. Authorisation, custody, recording and verification are separated where practicable

C. No person checks expenditure

D. Suppliers approve their own payments

Explanation

Segregation reduces opportunities for error, fraud and concealment.

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UPSC Principal & Vice Principal Management Finance Administration

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