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Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, identify the internal control principle the company followed.
Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, identify the internal control principle the company followed.
tablea Digital time clocks are used to register which employees are at work at what times.,Establish responsibilitiesb The company divides responsibility for a transaction between multiple departments.,Divide responsibility for relatedc Purchased an insurance bonding policy against losses from theft by a cashier.,Maintain adequate recordsd Preprinted forms are used to reduce the chance of missing transaction details.,Apply technological controlse Each cashier is designated a specific cash drawer and is solely responsible for cash in that drawer.,Insure assets and bond key emf Prohibit the recordkeeper from having control over cash.,Separate recordkeeping from ca
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