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Protecting business assets is an important concern for any manager or owner. Consider the principle of separation of accounting, custody of assets, and operations and

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Protecting business assets is an important concern for any manager or owner. Consider the principle of separation of accounting, custody of assets, and operations and apply it to this scenario. Consider the examples of means to steal cash and provide some procedures to prevent / detect this theft (minimum of two to three ideas for each example-provide details): 1. Don't ring the sale on the cash register and pocket the cash 2. Enter the sale on the register, then void the sale and pocket the cash. 3. Enter a cash refund on the register and pocket the cash. 4. If more than one clerk uses the register, simply take the cash when no one is looking and hope that someone else will be blamed. What other scenario's can you think of where segregation of duties would be imperative? (Not just related to the cash register example) Provide at least two examples

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