Question
Briar is an employee at a small boutique clothing store. The owner of the store only passes through the store once a week to collect
Briar is an employee at a small boutique clothing store. The owner of the store only passes through the store once a week to collect cash for deposit in the bank. Briar is not bonded by her employer, collects cash at the register and then records the transactions in the general journal. Briar also leaves cash earned during the week rubber banded in a pile on the desk in the back office. What three internal control principles are being violated in this situation?
a. | Human Resources Controls, Establishment of Responsibility, Segregation of Duties | |
b. | Physical Controls, Segregation of Duties, Establishment of Responsibility | |
c. | Human Resources Controls, Physical Controls, Segregation of Duties | |
d. | Segregation of Duties, Physical Controls, Documentation Procedures |
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