Open Question: I need help with accounting please.?
Describe how the principle is meant to ensure the reliability of a company's financial statements and provide at least one example of how the principle might work in a real company for each of the following:
Establishment of responsibility
Segregation duties
Documentation procedures
Physical, mechanical and electronic
Independent internal verfication
Other controls ( bonding employees, rotating employee job duties and requiring employee to take vacation)
Need only serious answers please. I am trying to figure this out and having no luck .