As a new manager, you have been reviewing the internal control structure of the cashier’s office. The cashier’s office is small with four employees. The internal control review indicates that one employee (Employee #1) performs the majority of the office's duties, such as accepting cash payments, making deposits, bank reconciliation, and so on. Based on the internal control review, how do you discuss a more robust internal control structure using the segregation of duties?
As a new manager, you have been reviewing the internal control structure of the cashier’s office. The cashier’s office is small with four employees. The internal control review indicates that one employee (Employee #1) performs the majority of the office's duties, such as accepting cash payments, making deposits, bank reconciliation, and so on. Based on the internal control review, how do you discuss a more robust internal control structure using the segregation of duties?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Problem 1CE
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As a new manager, you have been reviewing the internal control structure of the cashier’s office. The cashier’s office is small with four employees. The internal control review indicates that one employee (Employee #1) performs the majority of the office's duties, such as accepting cash payments, making deposits, bank reconciliation, and so on. Based on the internal control review, how do you discuss a more robust internal control structure using the segregation of duties?
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