You observed the following procedures around cash receipts of company ABC. is the cashier, she gets the cheques and deposits them into ABC's bank
You observed the following procedures around cash receipts of company ABC. "" is the cashier, she gets the cheques and deposits them into ABC's bank account. "" is the accounting clerk. He gets the remittance advices and records cash receipts in the company's books. "" is the controller, she reconciles what was deposited into the account with the records in the company's book. a) What are the strengths (if any) of the segregation of duties in regards to the described procedures (do not suggest additional procedures, just discuss what is described). b) What are the weaknesses (if any) of the segregation of duties in regards to the described procedures (do not suggest additional procedures, just discuss what is described).
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