A company employs three accounts payable clerks and one treasurer. Their responsibilities are as follows:...
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A company employs three accounts payable clerks and one treasurer. Their responsibilities are as follows: EmployeeResponsibilitya. Clerk Reviews vendor invoices for proper signature approval.b Clerk Enters vendor invoices into the accounting system and verifies payment terms.c Clerk Posts entered vendor invoices to the accounts payable ledger for payment and mails checks.d TreasurerReviews the vendor invoices and signs each check. Which of the following would indicate a weakness in the companys internal control? Multiple Choice
A company employs three accounts payable clerks and one treasurer. Their responsibilities are as follows:
EmployeeResponsibilitya. Clerk Reviews vendor invoices for proper signature approval.b Clerk Enters vendor invoices into the accounting system and verifies payment terms.c Clerk Posts entered vendor invoices to the accounts payable ledger for payment and mails checks.d TreasurerReviews the vendor invoices and signs each check.
Which of the following would indicate a weakness in the companys internal control?
Multiple Choice
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