Scottie Pippen is an audit manager at Los Pollos Hermanos, a large restaurant chain just outside...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Scottie Pippen is an audit manager at Los Pollos Hermanos, a large restaurant chain just outside BCC. During his audit, he notices that a shift manager uses the backsides of old paper to make receipts for customers upon payment. When asked about this, the manager responded that he just wanted to help save some money and the environment by re-using used paper. Then, Scottie notices that the same manager counts the cash in the register at the end of the shift, journalizes the sales, and goes to the bank to make the deposit. Which internal control principle has been violated? O a. Both segregation of duties and establishment of responsibility Ob.segregation of duties c. Both segregation of duties and documentation procedures d. documentation procedures Scottie Pippen is an audit manager at Los Pollos Hermanos, a large restaurant chain just outside BCC. During his audit, he notices that a shift manager uses the backsides of old paper to make receipts for customers upon payment. When asked about this, the manager responded that he just wanted to help save some money and the environment by re-using used paper. Then, Scottie notices that the same manager counts the cash in the register at the end of the shift, journalizes the sales, and goes to the bank to make the deposit. Which internal control principle has been violated? O a. Both segregation of duties and establishment of responsibility Ob.segregation of duties c. Both segregation of duties and documentation procedures d. documentation procedures
Expert Answer:
Answer rating: 100% (QA)
Answer is C both segmentation of duties and documentati... View the full answer
Related Book For
Statistics Unlocking the Power of Data
ISBN: 978-1118583104
1st edition
Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock
Posted Date:
Students also viewed these accounting questions
-
As an audit manager at Gung & Ho, CPAs, you have been scheduled to serve as the discussion leader for an in-office training session on consideration of the internal control structure in a financial...
-
You are an audit manager at Hall & Associates, who have been approached to conduct the audit of Computer Games Ltd (CGL), a manufacturer of interactive computer games, for the year ended 30 June...
-
You are an audit manager at Oscar Edwards Vance (OEV), an accounting firm with offices throughout regional Australia in major centres such as Bathurst, Goulburn, Coffs Harbour and Armidale in NSW,...
-
using System; using System.Collections.Generic; using System.ComponentModel; using System.Data; using System.Drawing; using System.Linq; using System.Text; using System.Threading.Tasks; using...
-
A. friend of yours has e-mailed you to ask for some investing advice. He is considering buying stock in a certain company and is trying to determine whether he wants to invest in the company's common...
-
Gillaspie Brothers Outfitters sells equipment to outdoors enthusiasts. Sam Gillaspie, the company's president, just received the following income statement reporting the results of the past year. Sam...
-
We are a global, science-led biopharmaceutical business. Return to shareholders Revenue from the sale of our medicines generates cash flow, which helps us fund business investment. It also enables us...
-
Peel Company owns 90% of the common stock of Seacore Company. Seacore Company sells merchandise to Peel Company at 20% above cost. During 2011 and 2012, such sales amounted to $436,000 and $532,000,...
-
The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses...
-
The 50-lb plate ABCD is attached at A and D to collars that can slide on the vertical rod. Knowing that the coefficient of static friction is 0.40 between both collars and the rod, determine whether...
-
2 Part C. Questions 11-13 [ Video-8, others if needed or desired] Two time series are being considered and both contain random, seasonal, and linear trend components. However, the characteristic of...
-
Sally Corporation has the following traditional income statement: Traditional Income Statement: Sales 2700 Cost of goods sold -1800 Depreciation -250 Selling and administrative - 340 Interest...
-
Calculating Percent Change Be sure your answer is a number rounded to one decimal point; do not include percent signs, minus signs, etc. In September 2019, Honda sold 1,541 Insights. In September...
-
In this discussion, we will delve into the fascinating connection between biblical principles and the field of managerial accounting. How would you explain the relationship between biblical...
-
Melissa's Daycare requires its employees to be certified in first aid. How would Melissa's Daycare classify this training?
-
Booma is age 62, single, and is a dependent of her daughter. During the current year, Booma received interest on a bank account of $3,500 and $2,300 from a part-time job. What is Booma's taxable...
-
What is an overview of the history of PR, calling out at least two specific events or milestones that impacted the field? How have public relations changed over time? What is modern PR? How is it...
-
Determine the optimal use of Applichem's plant capacity using the Solver in Excel.
-
Does consuming beer attract mosquitoes? A study done in Burkino Faso, Africa, about the spread of malaria investigated the connection between beer consumption and mosquito attraction. In the...
-
Come up with your own question you would like to be able to answer. What is the question? How might you collect data to answer this question? What would the cases be? What would the variable(s) be?
-
Cat owners tend to be more educated than dog owners. We give a headline that recently appeared online or in print. State whether the claim is one of association and causation, association only, or...
-
Find the \(y\)-parameters of the two-port network in Figure P17-4. V 16 R BI R R3 ww 18+ V2 19
-
An inductive load draws an apparent power of \(50 \mathrm{kVA}\) at a power factor of 0.7 from a \(3600-V(\mathrm{rms})\) source. Find the complex power \(S\) and the load impedance \(Z\).
-
Design an appropriate load that will draw \(28 \mathrm{~A}\) (rms), \(2.2 \mathrm{~kW}\), at \(110 \mathrm{~V}\) (rms) from a \(400-\mathrm{Hz}\) source. Wha1 is its power factor? Prove your design...
Study smarter with the SolutionInn App