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For each procedure, indicate wheter the internal control over cash represents a Strength or a Weakness a) To save money, a decision was made not
For each procedure, indicate wheter the internal control over cash represents a Strength or a Weaknessa) To save money, a decision was made not to bond Key Employees or insure assets b) To enhance productivity, one person orders inventory and records the receipt of inventory. c) In the mail room, two people open the mail, they make a listing of checks received. The checks are sent to a third person to make the deposit and the listing of amounts received with the person names are sent to a fourth person to record amounts received.
a) To save money, a decision was made not to bond Key Employees or insure assets
b) To enhance productivity, one person orders inventory and records the receipt of inventory.
c) In the mail room, two people open the mail, they make a listing of checks received. The checks are sent to a third person to make the deposit and the listing of amounts received with the person names are sent to a fourth person to record amounts received.
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