Acc 220 Wk 4

Week 4 Assignment Matrix E4-5, p.

194 |WEAKNESS | field | |Checks atomic number 18 not pre-numbered |Checks should be pre-numbered and administered by a machine, documentation procedures | | progress to agent authorized to rationalise checks |Implement segregation of duties, purchasing agent has hands in too many argonas | |Checks argon stored in an unsecure cabinet |Checks subscribe to be in a secure safe, physical controls | | pervert agent paying for goods that are purchased for resale |Establishment of responsibilities, needs to moderate set responsibilities, this should be do by | | | financial police officer | |Purchasing agent responsible for put across of goods | segregation of duties, this should be done by the accounts recei vable ! | |Purchasing agent verifies mathematical accuracy |Should have a ready computing device program designed to verify accuracy, electronic control | |Invoices drop off in a journal |Should be stored in a data base, stamped with date, time, and initial | |Checking account reconciled by treasurer |Need to have an independent internal verification accomplished by an accountant or assistant | | |accountant...If you want to get along a full essay, order it on our website: BestEssayCheap.com

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