Check my w 2 oints Determine whether each procedure described below is an internal control...
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Accounting
Check my w 2 oints Determine whether each procedure described below is an internal control strength or weakness; then identify the internal control principle violated or followed for each procedure. 1. An employee cannot approve their own request for purchases of inventory. 2. Several salesclerks share the same cash drawer. 3. Employees that handle easily transferable assets such as cash are bonded. 4. The company devotes resources towards keeping accurate accounting records for machinery. 5. The company saves money by having employees involved in operations perform the only review of internal controls. eBook Print Weakness or Strength References 1. 2 3. 4. 5. Internal Control Principle
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You can see the logs in the Dashboard.