Segregation, or separation, of accounting duties means dividing the tasks so that different people are handling transaction processing, data recording, financial statement preparation and auditing.

Internal controls are put in place by company management to help a company achieve its institutional goals. While internal controls are adapted to the companies they protect, there are some controls ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...