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need help Homework: Chapter 8 Homework 3 of 6 (5 complete Score: 0 of 1 pt E8-15 (book/static) Gary's Great Cars purchases high-performance auto parts
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Homework: Chapter 8 Homework 3 of 6 (5 complete Score: 0 of 1 pt E8-15 (book/static) Gary's Great Cars purchases high-performance auto parts from a Nebraska vendor Dave Simon, the accountant for Gary's, verifies recei Requirements 1. Identify the internal control weakness over cash payments. 2. What could the business do to correct the weakness? Requirement 1. Identify the internal control weakness over cash payments. The following are the weaknesses in internal control. (Only complete the necessary answer boxes.) The accountant has access to cash received from customers The company did not perform a background check on the accountant The same person is responsible for verifying receipt of merchandise, authorizing payment, and preparing the payment There is no security guard on duty Choose from any drop-down list and then click Check Answer 1 part remaining Clear All O Type here to searchStep by Step Solution
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