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(6 marks available 1 mark each) - PLEASE PUT YOUR RESPONSE IN THE WORD DOCUMENT PROVIDED. Required: Match each of the actions listed below to
(6 marks available 1 mark each) - PLEASE PUT YOUR RESPONSE IN THE WORD DOCUMENT PROVIDED. Required: Match each of the actions listed below to one of the following categories of internal control activities. Internal Control Activities (A) Physical Controls (B) Human Resource Controls. Actions 1) Cash is counted at the end of the day by the shift manager 2) Cash is stored in a locked safe at the end of each shift. 3) A bank reconciliation is performed every month by the accounting staff. 4) The company keeps a record of all purchase orders, invoices and payments to suppliers. 5) The company conducts several reference checks prior to hiring candidates. 6) Employees are granted access to the cash register only after they have signed in using an individual passcode. (C) Segregation (separation) of duties. (D) Independent Checks on Performance (E) Documentation Adequacy (F) Authorization of transactions and other business activities. Put the corresponding letter beside the number that best matches. (6 marks available 1 mark each). (Put your answer in the Word document provided) 1 3 5 2 4 6
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