Question: A receiving clerk noticed that ten laptop computers were received in a shipment when only eight laptop computers were ordered. The clerk put the two

A receiving clerk noticed that ten laptop computers were received in a shipment when only eight laptop computers were ordered. The clerk put the two extra laptop computers aside and took them home after his shift ended. Which two functions is the receiving clerk performing that represents a violation of proper segregation of duties?

Group of answer choices

Recording and custody

Authorization and custody

There is no violation of proper segregation of duties

Recording and authorization

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Ohio Swiss Milk Products manufactures and distributes Ice cream in Ohio, Kentucky and West Virginia. The company wants to expand operations by locating another plant in northern Ohio. The size of the...

A receiving clerk noticed that ten laptop computers were received in a shipment when only eight laptop computers were ordered. The clerk put the two extra laptop computers aside and took them home...

7.2 Explain how the principle of separation of duties is violated in each of the following situations. Also, suggest one or more procedures to reduce the risk and exposure highlighted in each...

Explain how the principle of separation of duties is violated in each of the following situations. Also, suggest one or more procedures to reduce the risk and exposure highlighted in each example. a....

7.2 Explain how the principle of separation of duties is violated in each of the following situations. Also, suggest one or more procedures to reduce the risk and exposure highlighted in each...

Need help with control and accounting information systems! Explain how the principle of separation of duties is violated in each of the following situations. Also, suggest one or more procedures to...

please help me with the steps 7: Control and Accounting Information Systems 2. Explain how the principle of separation of duties is violated in each of the following situations. Also, suggest one or...

10.2 Explain how the principle of separation of duties is violated in each of the following situations. Also, suggest one or more procedures to reduce the risk and exposure highlighted in each...

hi. I'm stuck with a report whose Chic Paints Ltd. and I am finding difficulty to answer some questions such as the organisations accounting system requirements including hardware and software...

Smith Soda spends $ 1 on direct materials, direct labor, and variable manufacturing over-head for every unit (12- pack of soda) it produces. Fixed manufacturing overhead costs $ 6 million per year....

The Handy-Dandy Department Store had forecast sales of $110,000 for the last week. The actual sales turned out to be $130,000. a. What is the forecast for this week, using exponential smoothing and ...

Apple Computer has a very large cash balance on its bolance sheet which is inversted in U . S . Treapury nilly. * the compony onneunced that it wos noing to une some of that cash to pay a dividend...

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....