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Stop-a-Second is preparing its assessment of internal controls for the annual financial statements. The managers verify the employees have sufficient segregation of duties and supervision.

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Stop-a-Second is preparing its assessment of internal controls for the annual financial statements. The managers verify the employees have sufficient segregation of duties and supervision. However, because the company is quite large, all lower-level employees cannot be supervised at all times to ensure that theft and fraud does not occur. To which limitation of internal controls does this relate? ASC requires that all cashiers receive a cash drawer with exactly $40 before each shift. During each sale, the cashier is prompted to input the type and amount of each payment. The cash register's screen is usually visible to customers, but the cashier on shift likes to face it toward him due to his bad eyesight. He also has a bad memory, which causes him to forget to give customers their receipts at times. ASC is a small store with many regular customers, so they all trust the cashier is giving them the correct change. Identify any problems in the cash receipts controls that ASC may have. Stop-a-Second is preparing its assessment of internal controls for the annual financial statements. The managers verify the employees have sufficient segregation of duties and supervision. However, because the company is quite large, all lower-level employees cannot be supervised at all times to ensure that theft and fraud does not occur. To which limitation of internal controls does this relate? ASC requires that all cashiers receive a cash drawer with exactly $40 before each shift. During each sale, the cashier is prompted to input the type and amount of each payment. The cash register's screen is usually visible to customers, but the cashier on shift likes to face it toward him due to his bad eyesight. He also has a bad memory, which causes him to forget to give customers their receipts at times. ASC is a small store with many regular customers, so they all trust the cashier is giving them the correct change. Identify any problems in the cash receipts controls that ASC may have

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