Question: please answer a, b, c,d & e with the selected options Problem 8-1A (Static) Analyzing internal control LO C1 Following are five separate cases involving

please answer a, b, c,d & e with the selected options
please answer a, b, c,d & e with the selected options Problem

Problem 8-1A (Static) Analyzing internal control LO C1 Following are five separate cases involving internal control Issues Required: 1. For each case, identify the principle(s) of Internal control that is violated, a Chi Han receives all incoming customer cash receipts for her employer and posts the customer payments to their respective accounts Separate recordkeeping from custody of assets b At Tico Company, Julia and Trevor alternate lunch hours. Julia is the petty cash custodian but it someone needs petty cash when she is at lunch, Trevor fills in as custodian c. Nori Nozumi posts all patient charges and payments at the Hopeville Medical Clinic Each night Non Apply technological controls. backs up the computerized accounting system but does not password lock her computer Establish responsibilities d Ben Shales prides himself on hining quality workers who require little supervision As office manager, Ben gives his employees full discretion over their tasks and for years has seen no reason to perform Insure assets and bond key employees. independent reviews of their work Perform regular and independent reviews e Carla Farah's manager has told her to reduce costs Carla decides to raise the deductible on the plant's property insurance from $5,000 to $10,000 This culs the property insurance premium in hall in Separate recordkeeping from custody of assets a related move, she decides that bonding the plant's employees is a waste of money because the company has not experienced any losses due to employee theft Carla saves the entire amount of the bonding insurance premium by dropping the bonding insurance

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