Question
Match the WCGW on the left to the best possible control on the right that could be used to mitigate the WCGW. Answers can only
Match the WCGW on the left to the best possible control on the right that could be used to mitigate the WCGW. Answers can only be used once.
Group of answer choices
Cash received was deposited in the wrong bank account..
[ Choose ] Cameras are used. Unmatched Cash Report runs weekly and issues are investigated and corrected. Reconcile the appropriate Monthly Bank Statement to the Monthly Applied Cash Report. Reconcile the Remittance List Total to the Applied Cash Report Total on a daily basis.
Check was stolen in the mailroom and not included in the remittance list.
[ Choose ] Cameras are used. Unmatched Cash Report runs weekly and issues are investigated and corrected. Reconcile the appropriate Monthly Bank Statement to the Monthly Applied Cash Report. Reconcile the Remittance List Total to the Applied Cash Report Total on a daily basis.
Cash received was recorded but could not be matched against any delivery by AR.
[ Choose ] Cameras are used. Unmatched Cash Report runs weekly and issues are investigated and corrected. Reconcile the appropriate Monthly Bank Statement to the Monthly Applied Cash Report. Reconcile the Remittance List Total to the Applied Cash Report Total on a daily basis.
Cash received was recorded and applied to a delivery for the wrong $ amount.
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Principles Of Corporate Finance
Authors: Richard A Brealey, Stewart C Myers, Franklin Allen
8th Edition
0073130826, 9780073130828
