principles of internal control
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7A: Internal Controls
Section: Chapter Questions
Problem 2SEB
Related questions
Question
The internal control procedures in Dayton Company result in the following provisions.
Identify the principles of internal control that are being followed in each case.
(a) |
Employees who have physical custody of assets do not have access to the accounting records.
|
Select the principle of internal control | ||
---|---|---|---|---|
(b) |
Each month, the assets on hand are compared to the accounting records by an internal auditor.
|
Select the principle of internal control | ||
(c) |
A prenumbered shipping document is prepared for each shipment of goods to customers.
|
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