Which one of the following statements regarding the segregation of duties in the confirmation process is incorrect?

Question

Options

• AFront office staff should not be able to modify confirmations.
• BThe staff who confirm trades should be distinct from those who agree to and execute trades.
• CThe process of confirming trades should be done only by Operations staff.
• DOnly staff who agree to and execute trades should be permitted to modify any details of the

• A
  13% (4)
• B
  6% (2)
• C
  3% (1)
• D
  78% (25)

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