A. To ensure equipment theft does not go undetected, detailed accounting records are kept.

• maintain adequate records
• Perform regular and independent reviews
• Separate recordkeeping from custody of assets
• Apply technological controls
• Divide responsibility for related transactions
• Establish responsibilities
• Insure assets and bond key employees

B. Preprinted forms are used to reduce the chance of missing transaction details.

• maintain adequate records
• Perform regular and independent reviews
• Separate recordkeeping from custody of assets
• Apply technological controls
• Divide responsibility for related transactions
• Establish responsibilities
• Insure assets and bond key employees

C. Employees requesting purchases of inventory cannot approve payment for that inventory.

• divide responsibility for related transactions
• Establish responsibilities
• Insure assets and bond key employees
• Maintain adequate records
• Perform regular and independent reviews
• Separate recordkeeping from custody of assets
• Apply technological controls

D. Each cashier is designated a specific cash drawer and is solely responsible for cash that drawer.

• maintain adequate records
• Perform regular and independent reviews
• Separate recordkeeping from custody of assets
• Apply technological controls
• Divide responsibility for related transactions
• Establish responsibilities
• Insure assets and bond key employees

E. The most important assets of the business are insured.

• maintain adequate records
• Perform regular and independent reviews
• Separate recordkeeping from custody of assets
• Apply technological controls
• Divide responsibility for related transactions
• Establish responsibilities
• Insure assets and bond key employees

F. Purchased an insurance (bonding) policy against losses from theft by a cashier.

• maintain adequate records
• Perform regular and independent reviews
• Separate recordkeeping from custody of assets
• Apply technological controls
• Divide responsibility for related transactions
• Establish responsibilities
• Insure assets and bond key employees

G. Prohibit the record keeper to have control over cash.

• maintain adequate records
• Perform regular and independent reviews
• Separate recordkeeping from custody of assets
• Apply technological controls
• Divide responsibility for related transactions
• Establish responsibilities
• Insure assets and bond key employees

H. Cash registers contain locked electronica files that keep records of each sale.

• maintain adequate records
• Perform regular and independent reviews
• Separate recordkeeping from custody of assets
• Apply technological controls
• Divide responsibility for related transactions
• Establish responsibilities
• Insure assets and bond key employees

I. The record keeper is not permitted to pay the companys suppliers.

• maintain adequate records
• Perform regular and independent reviews
• Separate recordkeeping from custody of assets
• Apply technological controls
• Divide responsibility for related transactions
• Establish responsibilities
• Insure assets and bond key employees

J. The company divides responsibility for a transaction between multiple departments.

• maintain adequate records
• Perform regular and independent reviews
• Separate recordkeeping from custody of assets
• Apply technological controls
• Divide responsibility for related transactions
• Establish responsibilities
• Insure assets and bond key employees