1. Cash is the asset most susceptible to improper diversion and use. Have you ever found...

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Accounting

1. Cash is the asset most susceptible to improper diversion anduse. Have you ever found yourself, either as a customer or as anemployee, in a position to misappropriate cash? If so, describe theinternal control weakness that created the situation. Whatcontrol(s) would have addressed the problem?

2. Organizations have long used cameras to monitor employees'activities. Now, computer software can monitor employees’ use oftheir computer (for example, tracking what websites they visit),often without the employees’ knowledge. In your opinion, is suchmonitoring an appropriate component of internal control?

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Answer1 I am working in a telecom company There are on cash counter cash collected during whole day and deposited on next day On weekend collected cash deposited on Monday So cashier use this cash to one to three days and cashier misuse for    See Answer
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