Business, 19.03.2020 00:40 davidaagurto
Recall the components of internal control. identify the internal control weakness in this situation, and propose a way to correct it. the internal control weakness is that the ▼ controller compares the deposit slip to the amount posted. credit department receives incoming cash from the customers. credit department runs a credit check on all customers. credit department transfers cash to the treasurer for deposit. with access to cash, a ▼ credit department employee can pocket credit department employee can deposit all mail room employee can pocket cash received from a customer and ▼ copies all remittance slips for the controller. destroy the remittance slip. then balances the deposit. journalizes the remittance slips in one entry. the credit department can then write-off the customer's account as uncollectible, and the company will stop pursuing collection from the customer.
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Recall the components of internal control. identify the internal control weakness in this situation,...
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