Chapter 5, Problem 9CDQ

To determine

Introduction:

Control Procedures within internal control provides reasonable assurance that the objectives laid down by the management will be achieved including prevention of fraud. It includes the following:

1. Competent personnel, rotational shift and mandatory vacations.
2. Separate responsibilities for all related operations.
3. Separate operations, custody of assets and accounting
4. Proof and security measures.

The reason for separatingthe responsibility of maintaining accounting from that of operations.