At a recent board meeting the SUT Pty Ltd directors, are discussing whether or not that in order to avoid another ‘Julia

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At a recent board meeting the SUT Pty Ltd directors, are discussing whether or not that in order to avoid another ‘Julia’ fraud episode that one of them should take complete responsibility for all accounts receivables, accounts payables and cash control functions. The idea been that responsibility needs to be under the control of one director, to eliminate the risk of fraud. Is this a good idea? Fully explain and justify your recommendation, in the context of duties segregation best practice principles, for all of these sub-systems.