Mandy Morrison works as a security guard at POST parking in Oklahoma City. Morrison has a master
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Mandy Morrison works as a security guard at POST parking in Oklahoma City. Morrison has a master key to the cash box where customers pay for parking. Each night Morrison prepares the cash report that shows (a) the number of cars that parked on the lot and (b) the day’s cash receipts. Judy Gibson, the POST treasurer, checks Morrison’s figures by multiplying the number of cars by the parking fee per car. Gibson then deposits the cash in the bank. Identify the internal control weakness in the following situations. State how the person can hurt the company.
Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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