General Knowledge · Corporate Financial Controls
In corporate financial operations, the implementation of 'Segregation of Duties' (SoD) is a fundamental internal control mechanism. What is the primary operational objective of this protocol?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To automate all financial data entry to remove human intervention entirely
- 2To reduce the risk of error or fraud by ensuring no single individual has control over all phases of a transaction✓
- 3To consolidate authority within a single department to streamline decision-making
- 4To eliminate the need for periodic external audits by ensuring real-time reporting
Correct answer
To reduce the risk of error or fraud by ensuring no single individual has control over all phases of a transaction
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