Internal control : Internal control is a process which ensures continuous reliability of accomplishment of a company’s objectives, related to operations, financial reporting, and in conformity with laws and regulations. The following are the internal control principles: Authorizing the responsibility Segregation of duties Documenting and recording transactions Physical controls Periodic independent verification Human resource controls To indicate : (1) Whether procedures of internal control over cash represents strength. (2) Whether procedures of internal control over cash represents weakness.

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Chapter 7, Problem 7.1BPR

To determine

Internal control: Internal control is a process which ensures continuous reliability of accomplishment of a company’s objectives, related to operations, financial reporting, and in conformity with laws and regulations.

The following are the internal control principles:

Authorizing the responsibility

Segregation of duties

Documenting and recording transactions

Physical controls

Periodic independent verification

Human resource controls

To indicate:

(1) Whether procedures of internal control over cash represents strength.

(2) Whether procedures of internal control over cash represents weakness.

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