Lessons 2016 FU-ACCT-230 x D Do Homework -jose castillo x c a https:llwww.mathod.com/studentuplayerHomework 91428questionalda1&flushed true&cld 4226307&back-DoAssignments.aspx Fall 2016 second 8 week Principles of Finan (1) Homework: Chapter 7 Homework Score: 0 of 1 pt 2 of 6 (0 complete) v HW Score: 09%, 0 of 6 E7-11 (book/static) More Info The following situations suggest a strength or a in internal control Click the ioon to view he situations.) a. Top managers delegate al intermal control procedures to the accounting Read the onguitements. Accounting department staff (or the bookkeeper) orders merchandise and approves invoices for payment. Requirement 1, Defne infomal confrol c. Cash received over the counter is controlled by the sales clerk, who rings up Intemal control is and al the related measures designed to do the folowing the sale and places the cash in the register. The salos clerk matches the total recorded by the register to each day's cash sales. (only complete the necessary answer boxes) d. The employee who signs checks need not examine the payment packet because he is confident the amounts are comect 1. Define intemal control 2. The system of intemal oontrol must be tested by extemal auditors. What law or rule requires this testing? 3 Identify each item as either a strength or a in intemal control, and give your reason for each answer Choose from any drop-down list and then click Check