Three key duties that must always be separated under a good system of internal controls are:

Three key duties that must always be separated under a good system of internal controls​ are: A. record​ keeping, transaction analysis and transaction approval. B. asset​ handling, record keeping and transaction approval. C. asset​ handling, hiring and safeguarding of assets. D. asset​ handling, recordkeeping and safeguarding of assets.

Answer

The correct answer is Option B. Asset Handling, Record Keeping and Transaction Approval. It is so because the one entering the transaction in books of accounts should not have physical access to organisation assets. And vice-versa.

Same Applies for the person approving the transaction.

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