Match

A) Internal control procedures

B) Maintaining physical safeguards

C) Segregation of duties

D) Transaction authorization

E) Record retention

F) Internal audit

G) Collusion

H) External audit

1. An employee performing recordkeeping is not the same employee that handles the cash.

2. Ensures that transactions can be properly reviewed if questions arise.

3. The collective procedures undertaken by an organization to properly safeguard cash.

4. The reviewing of large transaction prior to their completion.

5. A cash register, daily bank deposits, a lockbox, or a safe are utilized to protect cash.

6. An act by two or more persons to steal cash.

7. Audits performed by independent certified public accountants (CPAs)

8. Involves the reviewing of transaction by employees of the business.