Identify which internal control procedures or principles is violated in each of following situation. Internal Control...

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Identify which internal control procedures or principles is violated in each of following situation. Internal Control Procedure/Principle No. 1. 2. payments are sent. 3. Enter the number of internal control procedure/principle (instead of descriptions) that is violated. If no internal control procedure is violated, enter NA. Billing documents are not prenumbered. 4. 6. 1 7. 2 3 4 building. 5 6 Description Human Resource Controls Physical Controls Independent Internal Verification Segregation of duties Establishment of responsibility Documentation procedures Invoices of inventory purchases are marked "paid" when the 5. The payroll department hired a new accountant. There is no need to have background check or request for reference letters as he is vice president's relative. Multiple cashiers share the same cash drawers register code. Purchase mangers authorized purchases and approved the payment. Senior accountant performed the bank reconciliation task. 5 All employees are required to scan their ID before entering the S € Ő 2004 E 2 Identify which internal control procedures or principles is violated in each of following situation. Internal Control Procedure/Principle No. 1. 2. payments are sent. 3. Enter the number of internal control procedure/principle (instead of descriptions) that is violated. If no internal control procedure is violated, enter NA. Billing documents are not prenumbered. 4. 6. 1 7. 2 3 4 building. 5 6 Description Human Resource Controls Physical Controls Independent Internal Verification Segregation of duties Establishment of responsibility Documentation procedures Invoices of inventory purchases are marked "paid" when the 5. The payroll department hired a new accountant. There is no need to have background check or request for reference letters as he is vice president's relative. Multiple cashiers share the same cash drawers register code. Purchase mangers authorized purchases and approved the payment. Senior accountant performed the bank reconciliation task. 5 All employees are required to scan their ID before entering the S € Ő 2004 E 2

Answer rating: 100% (QA)

Based on the internal control proceduresprinciples listed and the situations described here are the violations identified 1 Billing documents are not ... View the full answer