Tonia Has Just Completed an Audit of the Accounts Payable

Tonia has just completed an audit of the accounts payable system and discovered what appears to be the embezzlement of funds by a clerk.The clerk was able to create entries of payments to be made and was also allowed to approve the payments. Which of the following might have prevented this situation from occurring and should be implemented immediately?

A) Dual control
B) Cross-training
C) Succession planning
D) Separation of duties

Correct Answer:

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