Exam CAS-004 topic 1 question 388 discussion

o Financial transactions requiring one reviewer: By rotating employees through different roles, companies can ensure that no single person is responsible for reviewing all financial transactions, thus mitigating the risk of fraud or error. This is a key principle of internal controls. o Audits of funds disbursements: Rotating employees involved in fund disbursement procedures can help identify potential issues or irregularities during audits. It also ensures that no one individual has complete control over the disbursement process. o Cross-training of employees: Job rotation inherently involves exposing employees to different tasks and responsibilities within the organization. This cross-training builds a more versatile workforce capable of handling various functions. It also promotes employee development and career growth

Based on the requirements outlined for financial controls within the organization, the most appropriate control mechanism is: D. Separation of duties

D. Separation of duties