Which choice is a general guideline for adequate separation of duties to prevent both fraud and error?

1.  A person who has control over an asset should not safeguard that asset.
2.  A person who has temporary or permanent custody of an asset should not account for that asset.
3.  A person who has record-keeping responsibility should not make journal entries.
4.  A person who has operational responsibility should not authorize transactions for the area.

Correct Answer:

•  A person who has record-keeping responsibility should not make journal entries.