Chapters 7, 8) 4 5 6 2 > V DO Some cash payments are not recorded because checks are not prenumbered Cash shortages are not discovered because there are no daily cash counts by supervisors The treasurer of the company has not taken a vacation for over 20 years The person who is authorized to sign checks approves purchase orders for payment Three people handle cash sales from the same cash register drawer A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise 1. Establishment of responsibility 2. Segregation of duties 3. Physical controls 4. Documentation procedures 5. Independent internal verification 6. Human resource controls ... 0:53:03 remaining 4 O 8 X 19:39 Sat. 11/11