Identify the cardinal of internal controls for each of the scenarios below: Cashiers are bonded. General Ledgers
Fantastic news! We've Found the answer you've been seeking!
Question:
Identify the cardinal of internal controls for each of the scenarios below:
- Cashiers are bonded.
- General Ledgers are reconciled against it Subsidiary Ledgers on a monthly basis.
- The counter clerk, in handling the pizza, compares the size of the pizza with the size indicated on the order.
- After signing a check, the signer stamps the invoice “Paid” and inserts within the stamp, the date, check number, and amount of the check. The “Paid” invoice is then sent t the accounting department for recording.
- Property custodians and other accountable officers are instructed to avail of the forced leave.
- Accounting for the completeness of accountable forms (e.g. checks, official receipts, etc.)
- Surprise cash count on all disbursing officers.
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Posted Date: