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2 1. Peace Company does not prepare a bank reconciliation as they believe it is a waste of time 2 Bella Company has mandated that

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2 1. Peace Company does not prepare a bank reconciliation as they believe it is a waste of time 2 Bella Company has mandated that all employees take two - four weeks of vacation each year 3. Every clerk in the Registrar's Office was given a different passcode to process change-of-grade forms 4. Tyler makes the bank deposit and then records the day's receipts. 5 Hunter Restaurant typically does not provide receipts to customers that pay in cash 6. Wesley Company stores blank checks in a safe in the treasurer's office Instructions Indicate whether each procedure is an example of good internal control or of weak internal control by placing the word Good or indicate which internal control principle is being followed. If it is an example of weak internal control indicate which internal con the following code IV = Independent Internal Verification DP - Documentation Procedures HRC = Human Resources Contro Controls, and SOD = Segregation of Duties Example if you think procedure #1 is a good example of documentation procedures, then your answer should be as depicted Procedure IC Good or Weak? Related Internal Control Principle Example Good DP 1 2 3 4 2 1. Peace Company does not prepare a bank reconciliation as they believe it is a waste of time 2 Bella Company has mandated that all employees take two - four weeks of vacation each year 3. Every clerk in the Registrar's Office was given a different passcode to process change-of-grade forms 4. Tyler makes the bank deposit and then records the day's receipts. 5 Hunter Restaurant typically does not provide receipts to customers that pay in cash 6. Wesley Company stores blank checks in a safe in the treasurer's office Instructions Indicate whether each procedure is an example of good internal control or of weak internal control by placing the word Good or indicate which internal control principle is being followed. If it is an example of weak internal control indicate which internal con the following code IV = Independent Internal Verification DP - Documentation Procedures HRC = Human Resources Contro Controls, and SOD = Segregation of Duties Example if you think procedure #1 is a good example of documentation procedures, then your answer should be as depicted Procedure IC Good or Weak? Related Internal Control Principle Example Good DP 1 2 3 4

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