Acc 220 Wk 4

Week 4 Assignment Matrix E4-5, p.

194 |WEAKNESS | chastening | |Checks atomic number 18 not pre-numbered |Checks should be pre-numbered and administered by a machine, documentation procedures | | progress to actor authorized to turn checks |Implement segregation of duties, purchasing agent has hands in too many argonas | |Checks argon stored in an unsecure cabinet |Checks work over to be in a secure safe, physical controls | | spoil agent paying for goods that are purchased for resale |Establishment of responsibilities, needs to yield set responsibilities, this should be do by | | | financial incumbent | |Purchasing agent responsible for put across of goods | segregation of duties, this should be done by the a ccounts receivable ! | |Purchasing agent verifies mathematical accuracy |Should have a ready computer program designed to verify accuracy, electronic control | |Invoices demo 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 a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay