Question
1-Employee steals cash and changes the cash receipt list to cover up the theft. Which two duties should be segregated to prevent this? A.Reconciliation and
1-Employee steals cash and changes the cash receipt list to cover up the theft. Which two duties should be segregated to prevent this?
A.Reconciliation and recording
B.Primary authorization and approval
C.Custody and primary
D.Custody and reconciliation
No separation of duties would have helped, the case involved collusion
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
