Situation a. Jake Bates has been an employee of the city of Elmhurst for many years. Because the city is small, Bates performs all of its accounting duties, in addition to opening the mail and preparing bank deposits and bank reconciliations. Requirement 1. Missing Control Characteristic:(possible answers) :Assignment of responsibilityCompetent PersonnelInappropriate documentsInternal AuditProper AuthorizationSeparation of DutiesRequirement 2. Possible Problem: (situation A):Possible Answers:Lost ProfitsLost RevenuesTheft of CashRequirement 3. Potential Solution: (situation A)Possible answers :Hire a security guardinstall a surveillance cameraseparate cash handling duties from accounting duties. separate bank reconciliation from o
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Situation a. Jake Bates has been an employee of the city of Elmhurst for many years. Because the cit...
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English, 06.11.2019 06:31
