Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. cash is the asset most susceptible to improper

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

70.2K

Verified Solution

Question

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?

Answer & Explanation Solved by verified expert
3.9 Ratings (444 Votes)
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
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Bass hunt is a local outdoor store that competes with other outdoor stores. They are proposing two...

Accounting
Q

***For some practice on this assignment, you could visit your textbook’s online site and do one...

Accounting
Q

A fascicle of axons is covered by O endoneurium O perineurium

Biology
Q

Question 8 18 Convert to degrees 7 Convert 758 to radians

Basic Math
Q

10 2 1 11 Let A 2 1 3 and 3B x 2 1 If...

Algebra
Q

Determine whether the given function is linear or nonlinear If it is linear determine the...

Algebra
Q

Hackett Produce Supply is preparing its cash budget for April. The following information is available:...

Accounting
Q

Please help. Thank you! A domestic corporation provided the following...

Accounting
Q

El lado derecho de una cuenta T es un (n) A. Dbito B....

Accounting
Q

Kupon oran %6,80 olan ve 8 yl vadeli 967$'a bir tahvil alyorsunuz. Bir yl sonra,...

Finance
Q

Please give example of stock price and its strike. Select a Call option on...

Finance
Q

FIN-250-RS519 Personal Financial Planning 20EWS Jolie Kinyamahanga & 05/12/20 6:59 PM Homework: 2-3 MyFinanceLab: Assignment:...

Finance