Segregation of Duties Prior to beginning work on this discussion forum, read Chapters 10 and 11 in the course textbook. Since financial investments

Segregation of Duties [WLOs: 1, 2, 3, 4] [CLOs: 2, 3]

Prior to beginning work on this discussion forum, read Chapters 10 and 11 in the course textbook.

Since financial investments are assets with a high degree of inherent risk, companies must establish effective internal control over their investments. Address the following in your discussion post:

• Describe segregation of duties and dual control.
• Describe the functions that should be segregated to provide good internal control over cash, the receipt of cash, and financial investments.
• Describe two other internal control policies that should be established for financial investments.
• List three audit tasks related to the audit of financial investments that may require specialized skill or knowledge.