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Match the internal control procedure to the proper principle A time clock registers the exact time an employee arrives at and departs from the job.
Match the internal control procedure to the proper principle A time clock registers the exact time an employee arrives at and departs from the job. The person recording incoming cash receipts into the General Ledger is not responsible for receiving and depositing the actual cash into the bank account. Bond insurance from theft of a specific employee. Having a different person check incoming inventory for quality and quantity from the person who placed the order. Two clerks sharing the same cash register. A detailed record of manufacturing equipment and tools. Choose... Apply technological controls Insure assets and bond key employees. Ensure transactions and activities are authorized Establish separation of duties Separate recordkeeping and custody of assets Maintain records
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