n Chapter 8, we learn about Internal Controls. There are 6 Principles of Internal Control Activities:

Competent, reliable, and ethical personnel

Assignment of responsibilities

Separation of duties

Audits

Documents

Electronic Devices

E-Commerce

Other Controls

Harper Theater

Harper Theater is located in Midtown Mall. The cashiers booth is near the entrance to the theater. Two cashiers are employed. One works from 1-5 pm, the other from 5-9 pm. Each cashier is bonded. The cashiers receive cash from customers and operate a machine that ejects serially numbered tickets. The rolls of tickets are inserted and locked into the machine by the theater manager at the beginning of each cashiers shift.

After purchasing a ticket, the customer takes the ticket to an usher stationed at the entrance to the theater lobby some 60 feet from the cashiers booth. The usher tears the ticket in half, admits the customer, and returns the ticket stub to the customer. The other half of the ticket is dropped into a locked box by the usher.

At the end of each cashiers shift, the theater manager removes the ticket roll from the machine and makes a cash count. The cash count sheet is initialed by the cashier. At the end of the day, the manager deposits the receipts in total in a bank night deposit vault located in the mall. The manager also sends copies of the deposit slip and the initialed cash count sheets to the theater company treasurer for verification and to the companys accounting department. Receipts from the first shift are stored in a safe located in the managers office.

Initial Post: Choose 1 of the 6 Internal Control Principles from above. Using that control, describe if Harper Theater has that control in place or it is missing. If the control is missing, explain how they could implement the control. Please make your post at least 100 words.