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Find which of the internal control

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Question 1: The ABC news (26th Oct 2018) reported a Perth-based administration manager had stolen more than $1.2 million from her employers (so she could "go out shopping, have coffee with friends and buy nice things"), sending the company into voluntary administration over cash flow problems. The office worker was caught, convicted of transferring cash from the company accounts to her personal account and jailed for more then 6 years. Thinking about the nature of the administration manager's role in a small business, which of the following internal controls would have been MOST likely to effectively detect or prevent the fraud?

Select one:

Option a. separation of duties

Option b. independent audits / independent reconciliations of accounts

Option c. adequate insurance

Option d. cash receipts policy

Reference no: EM132495314

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