Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 03, 2024

c . The same trusted employee has served as cashier for 1 2 years. Internal Control Procedure Reason for Other control c . Assignment of

.

The same trusted employee has served as cashier for

12

years.

Internal Control Procedure

Reason for "Other" control

.

Assignment of responsibilities

Mandatory vacations not required

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

Recommended Textbook for

Principles Of External Auditing

Authors: Brenda Porter, Jon Simon, David Hatherly

1st Edition

0471962120, 978-0471962120

More Books

Students also viewed these Accounting questions

Question

★★★★★

Using the data given in Exercise 25.5, would you recommend closing Department 1? Why or why not? Brentwood Inc Income Statement (Partial For Year Ended December 31, 2016 Department 1 Department 2...

Answered: 1 week ago

Question

★★★★★

11. Match the terms listed with the definitions. Amount paid for the privilege of borrowing money a. assets b. balance sheet c. budget discrepancies d. business financial goals e. capital budget f....

Answered: 1 week ago

Question

★★★★★

Define language, and recognize its properties.

Answered: 1 week ago

Question

★★★★★

MFG Company experiences the following cost behavior patterns each week: Fixed costs: supervisor's salary $1,000; factory rent $2,500 Mixed costs: utilities $1,500 + $5.25 per unit Variable costs per...

Answered: 1 week ago

Question

★★★★★

You are saving for a new car. You place $23,700 into an investment account today. How much will you have after four years if the account earns (a) 2%, (b) 4%, or (c) 6% compounded annually? (FV of...

Answered: 1 week ago

Question

★★★★★

McDonald's Corporation repurchased 4,000 shares of its own common stock at $120 per share. Calculate the total amount paid to repurchase the shares and provide the journal entry to record the...

Answered: 1 week ago

Question

★★★★★

Healthcare information technology has been promoted by researchers, the government, and others as increasing the quality of patient care. How is this assumption supported? Provide a list and a...

Answered: 1 week ago

Question

★★★★★

During 2 0 2 2 Maxwell purchased 1 0 0 bonds of Malinois Inc. at par for $ 9 0 0 , 0 0 0 . Maxwell purchases debt securities expecting to ear profits on short - term differences in price and holds...

Answered: 1 week ago

Question

★★★★★

What is the absolute difference in your total concentration of iodine in the CH2Cl2 phase, in mol/L, between your 'best two' determinations in Part 2 of the experiment? Use your own lab-obtained...

Answered: 1 week ago

Question

★★★★★

Develop a change management strategy Develop a change management strategy for the business. You can use an organisational template if you have one or you can use the Change Management Strategy...

Answered: 1 week ago

Question

★★★★★

Virginia Co . has a subsidiary in Hong Kong and in Thailand. Assume that the Hong Kong dollar ( HK$ ) is pegged at $ 0 . 1 2 per Hong Kong dollar and it will remain pegged. The Thai baht fluctuates...

Answered: 1 week ago

Question

★★★★★

Ethics.Technology. Company officials searching for a way to avoid bankruptcy raised cash with off-the-balance-sheet loans and overstated results by inflating capital expenses and hiding the debt.The...

Answered: 1 week ago

Question

★★★★★

Technology. Ethics. A friend gives you a copy that he has made of a software program that he purchased. Is this a legal or an ethical issue or both? Explain your answer in an e-mail sent to your...

Answered: 1 week ago

Question

★★★★★

Technology. Ethics. Send an e-mail to your instructor describing an ethical or legal communication that you had to handle at your job or in the classroom. Apply the ethical principles described in...

Answered: 1 week ago

Previous Question Next Question