Gary's Motors purchases high-performance auto parts from a Winnipeg vendor. Joel Sieben, the accountant for Gary's, verifies

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Gary's Motors purchases high-performance auto parts from a Winnipeg vendor. Joel Sieben, the accountant for Gary's, verifies receipt of merchandise and then prepares, signs, and mails the cheque to the vendor.
Required
1. Identify the internal control weakness over cash payments in this scenario.
2. What could the business do to correct the weakness?
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Related Book For  book-img-for-question

Horngrens Accounting Volume 1

ISBN: 9780135359709

11th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

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