Question: Perform regular and independent reviews Separate recordkeeping from custody of assets Apply technological controls Divide responsibility for related transactions Establish responsibilities oporucenourrury w ww Apply

 Perform regular and independent reviews Separate recordkeeping from custody of assets

Apply technological controls Divide responsibility for related transactions Establish responsibilities oporucenourrury www Apply technological controls Divide responsibility for related transactions Establish responsibilities Insure

Perform regular and independent reviews Separate recordkeeping from custody of assets Apply technological controls Divide responsibility for related transactions Establish responsibilities oporucenourrury w ww Apply technological controls Divide responsibility for related transactions Establish responsibilities Insure assets and bond key employees Maintain adequate records Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, select the internal control principle the company followed. a. External auditors are regularly hired to evaluate internal controls. b. Cash registers contain locked electronic files that keep records of each sale. c. The recordkeeper is not permitted to pay the company's suppliers. d. The company divides responsibility for a transaction between multiple departments. e. Digital time clocks are used to register which employees are at work at what times. To ensure equipment theft does not go undetected, detailed accounting records are kept. g. The company's internal auditors frequently assess the performance of internal controls. h. Detailed records of inventory are kept to ensure items lost or stolen do not go unnoticed. iPersonal ID cards are used to limit access to only authorized employees. 1. Employees requesting purchases of inventory cannot approve payment for that inventory. Perform regular and independent reviews Separate recordkeeping from custody of assets Apply technological controls Divide responsibility for related transactions Establish responsibilities oporucenourrury w ww Apply technological controls Divide responsibility for related transactions Establish responsibilities Insure assets and bond key employees Maintain adequate records Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, select the internal control principle the company followed. a. External auditors are regularly hired to evaluate internal controls. b. Cash registers contain locked electronic files that keep records of each sale. c. The recordkeeper is not permitted to pay the company's suppliers. d. The company divides responsibility for a transaction between multiple departments. e. Digital time clocks are used to register which employees are at work at what times. To ensure equipment theft does not go undetected, detailed accounting records are kept. g. The company's internal auditors frequently assess the performance of internal controls. h. Detailed records of inventory are kept to ensure items lost or stolen do not go unnoticed. iPersonal ID cards are used to limit access to only authorized employees. 1. Employees requesting purchases of inventory cannot approve payment for that inventory

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