LO 6-1 Exercise 6-5A Internal controls for small businesses Required Assume you are the owner of a small business that has only two employees. a. Which of the internal control procedures are most important to you? b. How can you overcome the limited opportunity to use the segregation-of-duties control procedure?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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LO 6-1
Exercise 6-5A Internal controls for small businesses
Required
Assume you are the owner of a small business that has only two employees.
a. Which of the internal control procedures are most important to you?
b. How can you overcome the limited opportunity to use the segregation-of-duties control procedure?
Page
Transcribed Image Text:LO 6-1 Exercise 6-5A Internal controls for small businesses Required Assume you are the owner of a small business that has only two employees. a. Which of the internal control procedures are most important to you? b. How can you overcome the limited opportunity to use the segregation-of-duties control procedure? Page
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