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The following situations suggest a strength or a weakness in internal control a. Top managers delegabe all internal control procedures to the accounting department b.

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The following situations suggest a strength or a weakness in internal control a. Top managers delegabe all internal control procedures to the accounting department b. Accounting department staff (or the bookkeeper) orders merchandise and approves invoices for payment e. Cash received over the counter is controlled by the sales clerk, who rings up the sale and places the cash in the register. The sales clerk matches the total d. The employee who signs checks need not examine the payment packet because he is conlident the amounts ane correct the sale and places the cash in the register. The dork matches the total recorded by the register to each day's cash sales, 1. Define internal control 2. The system of internal control must be tested by extenal auditors. What law or rule requires this testing? 3. Identify each item as either a strength or a weakness in internal control and give your reason for each answer Requirement 1. Define internal control | and al te related measures desged to do the folowing: Internal control is (Only complete the a generaly accepted accounting principle a state law the organizational plan Requirement 2. The system of internal control must be tested by external auditors. What law or rule requires this tesing Choose from any drop-down list and then click Check

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