Match each of the options in the boxes to the items in the second picture.

Match each of the following business practices with the best internal control principle it is an example of. The employee responsible for ordering Inventory is a different employee than the one who makes the payment A company uses time clocks versus hand written time records. Cashier has access to cash in drawer, but does not have access to the cash register tape (accounting record). A company buys an Insurance policy to protect against employee theft. A company pays for external auditors to audit their financial statements. Match each of the options above to the items below. Insure assets and bond employees Divide responsibility for related transactions Apply technological controls Perform regular and independent reviews Divide responsibility for related transactions