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Match the principle of internal control to each of the following cases. a) Establishment of responsibility b) Segregation of duties c) Accountability for assets d)
Match the principle of internal control to each of the following cases.
a) Establishment of responsibility
b) Segregation of duties
c) Accountability for assets
d) Documantation procedures
e) Physical controls
__ 1. Employees' time is tracked using a time clock
__ 2. Employees who receive shipments of goods do not have access to the accounting records for merchandise
__ 3. Shipping documents are pre-numbered
__ 4. The bookkeeper does not have physical custody of assets
__5. Only the treasurer of the company can sign checks.
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