A religious centre collects cash contributions from people who attend services. The cash is stored in the

Question:

A religious centre collects cash contributions from people who attend services. The cash is stored in the religious centre's office in an unlocked drawer until later in the week, when the volunteer treasurer takes the money and deposits it in the centre's bank account. The office is located near the en trance to the religious centre and visitors to the centre often go to the office. Many of the members of the religious centre know where the money is stored because they have filled volunteer positions and are familiar with the procedures the centre follows.

Required:
Describe what you think are the weaknesses in the internal controls in the scenario and explain the implications of the weaknesses:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: