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(1) The journal is entered, posted, and approved by only one employe
(2) Segregation of duties.
Definitely the Answer will be option No. (1)
option no. (2) is totally opposite as it is one of the procedures of Internal Control
Option 1. If journal is entered, posted, and approved by only one employee he can easily make fraud because no one is having check on him what is he doing actually. If there is Segregation of duties One Has to enter other has to review and Post then Some Control is coming. You Cannot Enter Fake Transactions.
Definitely the Answer will be option No. (1)
